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The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...
In January 2012, President Barack Obama announced that the SBA administrator would be elevated to Cabinet rank, a position it last held during the Clinton Administration. [ 1 ] [ 2 ] [ 3 ] The most recent confirmed administrator was Kelly Loeffler , who was nominated by President Donald Trump and confirmed by the Senate on February 20, 2025.
SCORE is primarily supported by a government grant, workshop fees and contributions. SCORE receives a majority of its financial support from the U.S. Small Business Administration (SBA). SCORE is also supported by the SCORE Foundation, a 501 (c) (3) non-profit organization formed in 1996 to serve as the philanthropic arm of SCORE. [13]
Sep. 9—The U.S. Small Business Administration Lower Rio Grande Valley District Office is accepting nominations for Small Business Person of the Year and other award categories for the 2025 ...
The MicroLoan Program is a US Government program administered by the United States Small Business Administration (SBA) that provides microloans to start-up, newly established, or growing small business endeavors. The program has been operating since 1992.
Loan type. Description. Average funding timeline. SBA 7(a) loan. 7(a) loan subtypes are backed directly by the SBA. The SBA’s turnaround time is 2 to 10 business days, but approval from your ...
The Small Business Act Amendments of 1958 (Pub. L. 85–536, 72 Stat. 384, enacted July 18, 1958) withdrew Title II as part of that act and made it a separate act to be known as the "Small Business Act". Its function was and is to "aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns".
William Manger, the former chief of staff and associate administrator of capital access at the U.S. Small Business Administration. After leaving the agency in 2021, he did work for a company that ...
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