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History of the SBA

History of the BUSINESS BUSIN SBA MALL SMALL DMINIS 1953 1953 Small Business Administration ISINING For almost 60 years the Small Business Administration (SBA) has been helping businesses get their start by offering an array of services. Dating back to WWII, the SBA's focus has been to make sure that small business can participate and stay competitive in the marketplace. Here's a look at the SBA and how it came to be. Small Business facts in 2009, there were 27.5M SB in the US SBA's current business loan portfolio 219k loans small business firms pay 43% of total US private payroll totaling 45 billion Small Business Loan share: Volume Small Business Loan share: Amount loans under 100k I loans between 100k and 200k I loans between 250k and IM loans under 100k loans between 100k and 200k loans between 250k and IM 4.8% 23% 4.4% 90.8% 59.7% 17.3% LOANS History of the SBA (Small Business Loan Balance) leans under 100 louns betwen 100hk and 200k los between 250k nd IM 800 600 (1932) 400 200 2000 2002 2004 2006 2008 2010 9/10 3/11 2001 2003 200s 2007 2009 3/10 12/10 The Reconstruction Finance Corporation (RFC) - created by Pres. Herbert Hoover (Small Business Loans Under $1 Million) (1942) 50 30 40 25 30 - 20 20 - Smaller War Plants Corporation (SWPC) - created by Congress 10 - 10 2008 2010 9/10 3/11 2000 2002 2004 2006 2001 2003 2005 2007 2009 3/10 12/10 (1952) FUSA WORK The RFC was abolished (1953) The Small Business Administration (SBA) Founded July 30, 1953- established by Congress under the Small Business Act Function: to "aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns." (1954) The SBA was making direct business loans and guaranteeing bank loans to small businesses loan disbursement has fallen (1958) 59.1% since 2008 LOAN The Investment Company Act of 1958 established the Small Business Investment Company (SBIC) Program - SBA licensed, regulated and helped provide funds for privately owned and operated venture capital investment firms (1964) SBA created the Equal Opportunity Loan (EOL) Program This relaxed credit and collateral requirements for applicants living below the poverty line SBA (1976) Office of Advocacy Small business sought bank loans for funding The Office of Advocacy was created to protect SBA programs businesses within the Federal Government small 48% (1996) The House tried to eliminate the SBA Small business sought friends and family for funding 21% BUSINE total loans to small businesses in 2010 (2000) SMALL Despite threats, the SBA survived and NINGY 22.4 Million RATION received record high budgets in 2000 Small Business 204) Advocacy: the voice of STIMULUS SBA expenditures were frozen (2009) *** ECOVERY.COV ДДА ARA dollar amount in small business loans in Q1 2010 The Obama Administration supported SBA budgets and strengthened it through the American Recovery and Reinvestment Act of 2009 610 Billion Of all employer firms are small business firms 99.7% (2010) Of of small business were unable to obtain adequate financing in 2010 41% SBA budgets were further strengthened by the Small Business Jobs Act of 2010 (2011) Obama announced that the SBA will double its current rate in rural small businesses to $350 million in the next five years Types of SBA Loans The 7(0) Loan Program includes financial help for businesses with special requirements. For example, funds ore available for loans to businesses that handle exports to foreign countries. The Microloan Program provides small, short-term loans to small business concerns and certain types of not-for-profit child-care centers. The CDC/504 loan program is a long-term financing tool, designed to encourage economic development within a community. 7(a) LOAN CDC/504 Microloan LOAN Yearly Opening and Closing of Businesses births Iclosures Ibankruptcies 700,000 600,000 500,000 400,000 300,000 200,000 100,000 2005 2006 2007 2008 2009 Bank Lending to Small Businesses $720,000 40,000 $710,000 35,000 $700,000 30,000 $690,000 25,000 $680,000 $670,000 20,000 S660,000 15,000 $650.000 10,000 $640,000 5,000 $630,000 $620,000 2007 2008 2009 2010 sources http://www. ww.iba gov/aboutabo AdministrationHistory lendio pdf http://www.nsba biz/docs/nsba_2010_mid-year_economic_report.pdf pdf Total Vulaue of Loans (Millions) Number of Loans (Thousands) 20 million businesses have received direct/indirect help from an SBA program since 1953 CCECCCCCCCCSD suos NO

History of the SBA

shared by youcom on Jan 30
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For 60 years the SBA has been helping small businesses. This infographic provides a short history and timeline of the Small Business Administration and shows how it works.



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