Definition

A U.S. government agency that supports small businesses with loans, counseling, and other resources.

What to consider

  • Choose one with a deposit amount you’re comfortable with.
  • Use it to build or rebuild your credit responsibly.
  • Monitor your spending to avoid unnecessary debt.

Real world scenarios

  • After starting her bakery, Grace secured an SBA loan that provided favorable terms and the guidance she needed to grow her business.

Related terms

Entrepreneurial Finances