What is the Small Business Administration (SBA)?
The SBA is a government agency that specializes in providing assistance to small businesses. SBA can help alleviate the stress of starting a small business. Their primary goal is to help you, in your quest of building a successful business.
What Should You Know About SBA?
The SBA provides small businesses with subcontracting procurement opportunities, outreach programs, and training.
The Federal government has specified annual prime contracting goals for designated small businesses. The current, government-wide procurement goal stipulates that at least 23 percent of all federal government contracting dollars should be awarded to small businesses. In addition, targeted sub-goals are established for the following small business categories:
- Women Owned Small Business – 5%
- Small Disadvantaged Business – 5%
- Service Disabled Veteran Owned Small Business – 3%
- HUBZone – 3%
For these government contracts you don’t have to worry about competing with large corporations like Microsoft or IBM. In addition, the remaining 50% of contracts are not exclusive to any size company. These contracts are up for grabs to just about everyone.
Small business resource guide >