Small Business Administration Background
by: Michael Saunders
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.
The seeds of the formation of the Small Business Administration were sown in the challenges of the Great Depression and World War I and grew out of a number of predecessor organizations.
Earlier Small Business Administration Agencies
In 1932 Herbert Hoover instituted the Reconstruction Finance Corporation. The agency sought to ameliorate the effects of the Great Depression.It sought to accomplish this through the establishment of a loan program to assist both large and small businesses adversely effected by the Great Depression. It was adopted as the personal project of Hoover's successor, President Franklin D. Roosevelt
The need to assist small business intensified with the onset of World War II, when they were placed at a competitive disadvantage vis-a-vis larger concerns. The Smaller War Plants Corporation was formed in 1942 to support small businesses, improve their financial strength and help them to more fully participate in the was effort. The Smaller War Plants Corporation accomplished this by providing loans directly to private entrepreneurs, providing incentives to large financial institutions to increase lending to small businesses and acting as an advocate for small business in the federal procurement process.
After the war the SWPC was absorbed into the Reconstruction Finance Corporation. In addition to the services provided by the RFC the Commerce Department also had an Office of Small Business. The charter of the Office of Small Business was primarily educational, predicated on the stance that the lack of success of many small business was insufficient access to information of running a business and business skills. The Office focused its offerings on pamphlets and management consulting to individual business owners.
Small Business Administration Background
Additional Government Grants ResourcesCritical Congenital Heart Disease Newborn Screening Demonstration Program
The Health Resources and Services Administration has recently constituted the Critical Congenital Heart Disease (CCHD) Newborn Screening Demonstration Program in order to support and encourage the development, dissemination, and validation of screening protocols and newborn screening infrastructure for point of care screenings that are specific to Critical Congenital Heart Diseases.
Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
Government Grants that Help You Pay for College
There are many Title IX programs are used to help put undergraduates that cannot pay for college themselves through school. Many people do not know they can apply for grants such as the Pell Grant, because they assume they do not qualify or are simply unaware of their existence.
Mobile Health Tools to Promote Effective Patient Provider Communication to Underserved Populations
The National Institute of Nursing Research, in cooperation with the Office of Dietary Supplements has constituted the funding opportunity for Mobile Health tools aimed at the improvement of effective patient-provider communication, adherence to treatment and self-management of chronic diseases in underserved populations.
Common Bean Productivity Research for Global Food Security Competitive Grants Program
In keeping with this mission, the National Institute of Food and Agriculture has recently established the Common Bean Productivity Research for Global Food Security Competitive Grants Program in an attempt to develop approaches and methods that can efficiently address the various challenges facing common bean (Phaseolus vulgaris) production among small holder producers in food insecure countries.
Federal Emergency Management Agency: Earthquake & Building Science Program Support Implementation
The Federal Emergency Management Agency (FEMA) has recently proposed to enter into a cooperative agreement entitled Earthquake and Building Science Program Implementation with the Federal Alliance for Safe Homes, Inc.(FLASH).
How The Government Can Help Your Small Business
The United States Small Business Administration, otherwise known as SBA, is a United States government agency that was established on the 30th day of July, 1953.