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<onlyinclude>Created in 1953 as an independent agency of the federal government, the Small Business Administration's (SBA) number one has two strategic goal is goals: first, growing businesses and creating jobs, and its second goal is , to serve as the voice for small [[:Small Business]]. SBA claims that the core of their entrepreneurial development is the foundation of targeted, effective advising, training, and mentoring services to drive business. Their entrepreneurial development performance goal focuses on driving greater participation in the resource partner advising and mentoring programs and training courses. The major tools employed by the [[:SBA are ]] primarily offers a range of financial assistance programs for small businesses that may have trouble qualifying for a traditional bank loan. The SBA guarantees $65 million in loans to small businesses through its two major loan programs, 7(a) and 504. Follow this link for a list of the major [[SBA Loans]]. SBA's programs also include financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. SBA also provides loans to victims of natural disasters and specialized advice and assistance in international trade. [https://www.sba.gov/about-sba/what-we-do/history| ]</onlyinclude>

Agencies affiliated with the SBA include: Small Business Investment Company ([[SBIC]]), Small Business Innovation Research ([[SBIR]]), and Small Business Development Centers ([[SBDC]]). ==Major Loan ProgramsContact=====7Answer desk: answerdesk@sba.gov Houston office: houston@sba.gov Office of Chief Information Officer: (202-205-6708) Office of Performance Management and the Chief Financial Officer: (a202-205-6449) ==FY 2016 Entrepreneurship Goals==*The biggest program is the 7(Broad goal: Strengthen entrepreneurial ecosystems through a) Loan Guarantee, which guarantees as much as 85% variety of loans up strategic partnerships to $150provide tailored training, mentoring,000 and 75% advising services that support entrepreneurs during every phase of loans their business growth.*Performance goal: reach 1.4 million clients with online and in-person training, mentoring, and advising in FY 2016.*Programs offered: Small Business Development Centers, Women's Business Centers, SCORE, Learning Center, Boots to Business, Regional Innovation Clusters, Entrepreneurship Education, Emerging Leaders*Strategies:#Harness SBA's nationwide network of more than resource partners#Improve entrepreneurial ecosystems through cross-agency and public-private partnerships#Offer tailored training through structured programs and online access ==Budget== SBA's total budget request for FY 2016 (including Stafford Act Disaster funding) is $150860 million. Of this amount,000$3. The maximum 3 million is for business loan SBA guarantees subsidy, $19.9 million for the Office of the Inspector General and $9.1 million for the Office of Advocacy. This total is 5 inclusive of $28 millionfor administering non-Stafford Act disasters. [httphttps://www.brwsba.com.augov/sites/default/pfiles/businessfiles/why_we_should_clone_america_small_Y2ehdTvAi81O87SOECPr9H1-FY_2016_CBJ_FY_2014_APR_508.pdf| SBA FY16 Budget Highlights]  Some 2016 budget reforms include:*7(a) loan applications are made to and funded by Launch SBA accredited partners. When a business applies for an SBA loanOne, it is actually applying for a commercial program designed to increase loanefficiency process*Allocates $3 million towards "idea lab" which will help adopt private sector best practices For further detail, structured according to see [[SBA requirementsBudget Graphs]].  ==Criticisms==The lender is largely protected by most prevalent criticisms of the SBA guaranteeinclude [http://www.cato.*A org/publications/congressional-testimony/waste-fraud-abuse-small -business pays between 7.5%-9.5% interest on their loan. This interest is split betweenadministration-programs| ]: banks#Creates uneven playing field by aiding some businesses while denying aid to others, which thus distorting markets;#Duplicating activities already provided in private markets;#Harms businesses and consumers;#Government intervention in deciding market trends can charge no more than 2.75% often bet on top of the prime rate (currently 3wrong companies at taxpayer expense;#SBA fosters corruption.25%) Specifically, and  *GAO released Report 10-108 which found that failing to hold firms accountable sent a SBA guarantee fee ranging between 2%-3.75%message to the contracting community that there is no punishment or consequences for committing fraud. See [http://www.brwgao.comgov/new.auitems/p/business/why_we_should_clone_america_small_Y2ehdTvAi81O87SOECPr9Hd10108.pdf| the report]for more information.*In 2015 the The SBA has difficulty in [[SBA approved 63,461 7(a) loans for a sum of $23.58b at an average of $371kLender and Loan Oversight]]. *The total CATO Institute argues that the very conception of all loans guaranteed the SBA was $111a bad idea, questioning the federal government's strategy in intervening in the credit market.769b They say that the United States grew to be an economic powerhouse with a bad debt rate (called charged off) of less than 1 per centsmall centralized federal government that largely left business development to the private sector. For more information about the CATO institute's criticism, see this [http://www.brwcato.com.auorg/publications/pcongressional-testimony/waste-fraud-abuse-small-business/why_we_should_clone_america_small_Y2ehdTvAi81O87SOECPr9H-administration-programs| article]. ==Literature=====SBIC===*7(a) program is targeted towards larger companies with 2[http://www.gao.gov/products/GAO-16-3 years of experience. This loan is not geared towards startups or "smaller" large businesses107 GAO report on SBIC]**GAO recommended that SBA provide guidance to SBIC on how to collect and report data on their investments in minority, as evidenced by the average loan size of $317women,000and veteran owned businesses. *[http://www.brwjdsupra.com/legalnews/description-of-the-small-business-23940/ Description of the SBIC Debenture Program]===SBIR===*[http://www.augao.gov/passets/business670/why_we_should_clone_america_small_Y2ehdTvAi81O87SOECPr9H| 669651.pdf GAO report finds SBIR data reporting inadequate] ==McNair Center Internal==[[McNair Center-specific courses of further action regarding SBA]]===Articles===[[SBA and Data Reporting]]