The SBA offers multiple forms of assistance to entrepreneurs:
1. Funding Programs: The SBA provides various loan programs such as 7(a) loans, 504 loans, and microloans. These are designed to offer financial support to small businesses that might not qualify for traditional bank loans. 2. Counseling and Training: Through a network of resource partners like SCORE, Small Business Development Centers (SBDCs), and Women’s Business Centers (WBCs), the SBA offers free or low-cost counseling and training. 3. Contracting Opportunities: The SBA helps small businesses secure government contracts through programs like 8(a) Business Development, HUBZone, and Women-Owned Small Business (WOSB) programs. 4. Disaster Assistance: The SBA provides low-interest disaster loans to businesses, homeowners, and renters to help them recover from declared disasters.