Small Business Administration

Paper Summary:

The paper provides an overview of the aid provided by the Small Business Administration for the start-up of small businesses. The paper then conducts an interview with Steve Preston, SBA administrator, who speaks about how SBA has been discharging its role in supporting individuals to start new ventures. The paper details the questions and answers about loan programs, qualifying for a SBA guarantee, how the loan works and finally, some of the achievements of SBA loan program.

From the Paper:

"The recognition of small business as a separate entity dates back to 1950s with Congress extending the Small Business Administration -- SBA for two years in 1955 and, after a one-year temporary extension in 1957, converted the SBA as a permanent agency in 1958. In that year, Congress also initiated an important new program to extend equity and long-term capital for small business that, similar to the programs authorized in 1953, continued to be constituent of the SBA's aid portfolio during the 1990s. (Anglund, 41) "

Sample of Sources Used:

• Anglund, Sandra M. Small Business Policy and the American Creed. Westport, Conn: Praeger; 2000.
• Bannock, Graham. The Economics and Management of Small Business: An International Perspective. Routledge. 2005.
• Overview and History: SBA Program Office. 2007. <http://www.sba.gov/aboutsba/history/index.html>
• SBA Assistance: Financial Program and Other Assistance. 2007<http://www.sba.gov/smallbusinessplanner/plan/getready/serv_sguide_sbaass.html>
• SBA Program Office: SBA's Role. 2007. <http://www.sba.gov/services/financialassistance/basics/sbarole/index.html>

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