a federal agency, created in 1953, that supports the growth of small businesses with counseling, contracts, and capital from guaranteed loans. Abbreviation: SBA, S.B.A.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use Small Business Administration in a sentence
In order for PPP loans to be forgiven, the federal Small Business Administration initially required borrowers to spend 75% of the funds on payroll over eight weeks.This Company Got a $10 Million PPP Loan, Then Closed Its Plant and Moved Manufacturing Jobs to Mexico | by Lydia DePillis | June 30, 2021 | ProPublica
Then, a city government official told him about the federal Small Business Administration, which guarantees loans to small companies.The Government Is Here to Help Small Businesses — Unless They’re Cooperatives | by Lydia DePillis | June 7, 2021 | ProPublica
For example, more than 1,000 Sonic Drive-In restaurants received PPP funds, accumulating more than $100 million in all, according to a Washington Post analysis of recently released Small Business Administration data.Small-business loans to big companies prompt Congress to overhaul PPP rules | Jonathan O'Connell, Andrew Van Dam, Aaron Gregg, Alyssa Fowers | December 11, 2020 | Washington Post
Today, the Export-Import Bank is closed, and so is the Small Business Administration.This Shutdown Is Not the Same as 1995 and 1996…It’s Worse | Daniel Gross | October 9, 2013 | THE DAILY BEAST
Last fiscal year, the Small Business Administration made made 45,464 loans, valued at $17.24 billion.Government Shuts Down and Private Sector Feels the Pain, Too | Daniel Gross | October 4, 2013 | THE DAILY BEAST
Eliminate the Education Department and the State Department, but keep the Small Business Administration and the Marines.
Today the governor of Louisiana requested the Small Business Administration for loan assistance for Louisiana fisherman.