Small Business Administration's Portable Assistance Program

by: TopGovernmentGrants Editorial Staff

The Small Business Administration, otherwise known as SBA, is an independent agency of the United States government that is primarily responsible for providing consistent support to the country's entrepreneurs and small businesses.

The efforts of the SBA are guided by their overall agency mission which is to "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 line with this mission, the Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.

Under this program, eligible applicants are encouraged to submit proposals that seek to design and develop innovations and services that have the potential to address the issues regarding small business assistance in areas suffering from job loss and other related economic upheaval, all of which resulting from a major natural disaster.

The SBA is also looking to form partnerships and encourage collaborative efforts from community, regional, statewide, industry sectors.

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Small Business Administration's Portable Assistance Program
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Additional Resources

category - Small Business Grants

Secondary Market Lending Authority Program
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.

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Small Business Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.

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Small Business Administration's Loan Guarantees 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.

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The Value-Added Producer Grants program is geared towards helping the Independent Producers of Agricultural Commodities, Agriculture Producer Groups, Farmer and Rancher Cooperatives, and Majority-Controlled Producer-Based Business Ventures in developing techniques that would create marketing opportunities and establish business plans involving viable marketing opportunities that involve the production of bio-based products from agricultural commodities.

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