Despite financial institution studies on the contrary, small business loans have change into even more tough to obtain. The Small Business Administration (SBA) was created by the Small Business Act of 1953 and derives its current existence and authority from the Small Business Act ( 15 U.S.C. 631 et seq.) and the Small Business Investment Act of 1958 ( 15 U.S.C. 661 ).
In actual fact, the SBA is perhaps the perfect prototype for a Trump administration agency: a public-non-public partnership driving helpful outcomes to a important (however typically neglected) part of the economic system, all at a low price …