Small Business Association

Definition

The Small Business Association is a U.S. government agency that provides support to entrepreneurs and small businesses. It offers a range of services including loan programs, counseling sessions, and guidance on business planning.

Related terms

Business Plan:

A document detailing the strategy for running a business, including market analysis, financial projections, and operational plans.

Entrepreneurship:

The activity of setting up a business or businesses, taking on financial risks in the hope of profit.

Loan Program: A financing option provided by banks or government agencies like the SBA to help businesses start or expand their operations