The Small Business Administration, also more commonly referred to as SBA, is the United States government's leading agency that is mainly focused on providing assistance to entrepreneurs and small business enterprises.
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The efforts of the Small Business Administration are initially designed to pave the way towards the realization of their overall agency mission, which is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters."
In addition to all its current program, the Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
The Small Business Administration is set to administer guaranteed loans to small business enterprises for purposes such as construction, expansion, conversion of facilities, purchasing of building materials and equipment, or simply for working capital.
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Small Business Administration's Loan Guarantees Program
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Employers For Childcare Charitable Group (EFCG), a Lisburn-based charity, has been crowned top Social Enterprise at the Ulster Final of 2014’s Ulster Bank Business Achievers Awards. EFCG seeks to “make it easier for parents with dependent children to get into work and to stay in work.”