The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The SBA helps Americans start, build and grow businesses.
SCORE is a resource partner with the SBA. The SBA administers a Congressional grant which provides SCORE with funding. SCORE volunteers work with the SBA to provide small business mentoring and training to entrepreneurs through SBA offices.
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If your small business hired employees or independent contractors for the first time, then it’s time to familiarize yourself with your wage and payment reporting obligations to the IRS and Social Security Administration.
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To help small businesses get the financing they need to strengthen and grow, the Small Business Administration (SBA) has several loan programs designed for very specific purposes.