Which U.S. government agency, created in 1953, is dedicated to supporting small businesses?

The Small Business Administration, or SBA, is the U.S. government agency created in 1953 to support small businesses.

The SBA was established by the Small Business Act, signed by President Dwight D. Eisenhower on July 30, 1953. Its responsibilities include helping entrepreneurs access financing, government contracting opportunities, counseling, and disaster assistance.

The agency usually does not act like a standard commercial bank. For example, SBA loan programs often involve private lenders, with the agency providing guarantees or other support under program rules. The SBA also operates resource networks such as Small Business Development Centers, SCORE, and Women’s Business Centers.

The SBA’s role has changed over time as economic conditions and federal priorities have shifted. It is distinct from the U.S. Department of Commerce, which has a broader mission covering trade, economic data, and business conditions across the national economy.