Small Business Administration Background

by:
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.   (continued...)

Small Business Administration Background
  Page 2

About The Author

Michael Saunders has an MBA from the Stanford Graduate School of Business. He edits a site on Government Grants for Women Owned Businesses and also edits HandsNet - A Human Services News Website.




Additional Government Grants Resources


OMICS Technologies For Predictive Modeling of Infectious Diseases Program
In keeping with this mission, the National Institutes of Health has formed a partnership with the National Institute of Allergy and Infectious Diseases (NIAID) in an attempt to establish the OMICS Technologies For Predictive Modeling of Infectious Diseases Program.


Choosing An Online Private College And University
Private colleges and Universities are known for their high standards and excellent academic programs. Their online programs are no different. If you are ready to get your Bachelor's degree, or if you...


Finding And Applying For Government Grants
According to a U.S. government website, there are $400 billion in grants currently available in over 1000 different programs. Naturally with such a huge amount finding a program that you or your comp...


Department of Human Health and Services: Family Planning Services Grant
OPHS has recently announced the availability of funding opportunities for the establishment and implementation of voluntary family planning service projects.


National Aeronautics and Space Administration: Research Opportunities in Space and Earth Sciences
NASA has recently established the Research Opportunities in Space and Earth Sciences (ROSES) program for the year 2011, which encourages interested institutions to submit proposals that involve ground-based research and technology investigations that seek to comprehend naturally occurring phenomena, both in the Earth and in space.


Rehabilitation Mortgage Insurance Program
The Rehabilitation Mortgage Insurance Program intends to financially assist families as they repair or improve, purchase and improve, or refinance and improve their current residential properties that have been existent for more than a year.


2012 Tuberous Sclerosis Complex Clinical Trial Award Program
In line with this mission, the United States Department of Defense has recently established the 2012 Tuberous Sclerosis Complex Clinical Trial Award Program in an attempt to financially support the studies regarding the promotion innovative research focused on decreasing the clinical impact of tuberous sclerosis complex (TSC).






Social Entrepreneurship
Spotlight



Top iTunesU Courses that Aim to Inspire Social Entrepreneurs


Top iTunesU Courses that Aim to Inspire Social Entrepreneurs

iTunes U has a variety of courses geared towards social entrepreneurship. With this app, it allows students to have customized learning experiences. Through learning that’s tailored to suit every student aspiring to be a social entrepreneur, SocialEarth.org checks off the top iTunes U courses and classes that are free to take. Some have videos, others have only audio. Take your pick:









More Federal Domestic Assistance Programs


Special Programs for the Aging, Title VII, Chapter 3, Programs for Prevention of Elder Abuse, Neglect, and Exploitation | Native American Employment and Training | Promotion of the Humanities Challenge Grants | Healthy Watersheds Consortium Grant Program  | Presidential Declared Disaster Assistance to Individuals and Households - Other Needs |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2019 Copyright Michael Saunders