Small Business Administration (SBA)

The Small Business Administration (SBA) is a federal agency whose mission is to strengthen the nation's economy by enabling the establishment and viability of small businesses and to assist communities in economic recovery after disasters. The SBA has three main strategic goals: (1) to improve the economic environment for small businesses, (2) to help small businesses to succeed, and (3) to restore homes and businesses affected by disasters. The SBA assists prospective entrepreneurs, new start-up businesses, and existing small businesses through a variety of programs and with partner organizations. The SBA was established in 1953 by the Small Business Act.

The SBA created size standards by industry type that define the maximum size that a firm, including all affiliates, may be for eligibility as a small ...