Categories: Business BasicsMaintaining a Business

U.S. Small Business Administration

Welcome to the U.S. Small Business Administration edition of the ABCs of MyCorp; a very important component of the small business community.

What is the U.S. Small Business Administration and what exactly do they do?

According to SBA.gov, the USSBA was founded on July 30, 1953. Even from their early days, the USSBA has been dedicated to aiding small businesses in the three Cs: capital, contracts and counseling.

They make all sizes of loans available from helping a business with their debt to just raising capital in general. They focus on federal procurement; their Office of Government Contracting works with other federal departments and agencies to set goals and “reach the statutory goal of 23% in prime contract dollars for small businesses.”

Additionally, they assure that small businesses have a voice in reviewing Congressional legislation and testify on behalf of small business. The chief counsel of this office is decided on by the president of the United States.

As if all of this weren’t enough, the USSBA also offers counseling for entrepreneurs and small business owners. They walk them through how to be the best business owner they can be and they do this face-to-face or internet counseling all for free.

Since 1953, the U.S. Small Business Administration has proven itself to be a great asset for small businesses. Check out their website and see what they can do for you!

Deborah Sweeney

Deborah Sweeney is an advocate for protecting personal and business assets for business owners and entrepreneurs. With extensive experience in the field of corporate and intellectual property law, Deborah provides insightful commentary on the benefits of incorporation and trademark registration. Education: Deborah received her Juris Doctor and Master of Business Administration degrees from Pepperdine University, and has served as an adjunct professor at the University of West Los Angeles and San Fernando School of Law in corporate and intellectual property law. Experience: After becoming a partner at LA-based law firm, Michel & Robinson, she became an in-house attorney for MyCorporation, formerly a division in Intuit. She took the company private in 2009 and after 10 years of entrepreneurship sold the company to Deluxe Corporation. Deborah is also well-recognized for her written work online as a contributing writer with some of the top business and entrepreneurial blogging sites including Forbes, Business Insider, SCORE, and Fox Business, among others. Fun facts/Other pursuits: Originally from Southern California, Deborah enjoys spending time with her husband and two sons, Benjamin and Christopher, and practicing Pilates. Deborah believes in the importance of family and credits the entrepreneurial business model for giving her the flexibility to enjoy both a career and motherhood. Deborah, and MyCorporation, have previously been honored by the San Fernando Valley Business Journal’s List of the Valley’s Largest Women-Owned Businesses in 2012. MyCorporation received the Stevie Award for Best Women-Owned Business in 2011.