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History. The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. Tooltip Public Law (United States) 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction ...
www.sba.gov. The administrator of the Small Business Administration is the head of the Small Business Administration of the United States. The administrator is responsible for managing and the day-to-day operations of the agency. The administrator is nominated by the president of the United States and must be confirmed by a vote of the Senate .
When a county has been declared a disaster area, by either the President or the Secretary of Agriculture, farmers in that county may become eligible for low-interest emergency disaster ( EM) loans under the Emergency Disaster Loan Program . The loans are available through the Farm Service Agency (formerly Farmers Home Administration).
The Paycheck Protection Program ( PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations ...
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SBA ARC Loan Program. As part of the 2009 American Recovery and Reinvestment Act (signed Feb 17, 2009), the United States Government has allocated Small Business Administration (SBA) backed funds for viable small businesses in the United States. Businesses must have qualifying business loans and must be experiencing immediate financial hardship.
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The U.S. Small Business Administration 's SBA 504 Loan or Certified Development Company program is designed to provide financing for the purchase of fixed assets, which usually means real estate, buildings and machinery, at below market rates. [1] [2] The program is so named because it was originally created by Section 504 of the Small Business ...