The SBA is the federal agency that supports the country's small businesses. It backs loans through private lenders, helps small firms win federal contracts, offers counseling and training, and provides low-interest disaster recovery loans to homeowners, renters, and businesses. It serves small firms and entrepreneurs nationwide rather than regulating an industry.
Created by Congress under the Small Business Act (15 U.S.C. ch. 14A; 15 U.S.C. § 633 (originally Small Business Act of 1953, Pub. L. 83-163, Title II, 67 Stat. 230, 232; reenacted by the Small Business Act, Pub. L. 85-536, 72 Stat. 384 (1958))), it acts within the authority that statute grants. Its actions are subject to judicial review and to congressional oversight and funding.
