Tuesday, November 18, 2008

Small Business Administration

The Small Business Administration was created on July 30, 1953. This administration was created from many different predecessor agencies to respond to the effects of the Great Depression and World War 2. Many small businesses were left in the dust during the war because big corporations could create war machines much faster. Small businesses were unable to compete with the big businesses.
The Small Business Administration aids, counsels, protects, and assists small businesses. It also promises a business a fair proportion of sales of surplus property and government contracts. Since it was created SBA has given to small businesses twenty million loans, contracts, loan guarantees, counseling sessions, and other assistance.
The SBA regulates small businesses. Some people believe that big businesses are more efficient than small businesses. The problem with getting rid of small businesses is they make innovations. Most of small businesses produce items that are in our houses, shops, and museums. They also employ many workers.

http://www.sba.gov/aboutsba/history/index.html

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