The Small Business Administration is the government’s resource centre and voice for small businesses. SBA also certifies enterprises qualifying as diverse businesses.   

Reported Metrics 

-The SBA approved more than 49,000 loans and 504 loan programs, providing more than $28 billion to small businesses in 2020

-In 2019 26 percent of federal contracts totaling nearly $130 billion were awarded  to small businesses 

-Women-owned small businesses achieved their highest amount of eligible contracting dollars ever at $25 billion

Resources & Opportunities: 

-SBA has a portal dedicated to Covid-19 guidance and resources for small businesses 

-SBA offers loan facilities to registered small businesses 

Pro Tips: 

Find out if your business qualifies for SBA’s contracting programs 

Find out if you meet criteria to participate in some of SBA’S programs

Find out how SBA’s Certify works 

Our Review

The Small Business Administration was created by congress in 1953  to aid, counsel, assist, and protect the interests of small business. A major part of the SBA’s services is certifying small businesses and helping certified businesses with access to mentorship programs and business opportunities from various state agencies and corporations. This program is run under a subdivision of SBA called Certify.  

As supplier diversity continues to gain popularity across America, the Federal Government remains the largest buyer of products and services from diverse businesses. SBA comes with backing from the government and has a variety of programs to help small businesses compete for these federal contracts.  

The SBA runs various programs targeting different small business groups including women and minority-owned as well as Historically Underutilized Business Zones. Its business products and services are delivered across all states and United States territories through a network of private sector and nonprofit partners.

SBA  Says:

“The SBA continued to partner with agencies across the Federal Government to expand small business contracting opportunities. From FY 2015 through FY 2019, small businesses were awarded more than $500 billion in federal contracts (FY 2020 contracting numbers continue to be collected and certified). The Federal Government continues to exceed its small disadvantaged and service-disabled, veteran-owned small business goals but faces challenges with HUBZone and women-owned small business goals.”

Certify Portal

https://certify.sba.gov/

Other Sources:

https://www.sba.gov/sites/default/files/2021-01/FY20_SBA_AFR-508%20%281.11.21%29.pdf