U.S. Small Business Administration (SBA)
Created in 1953, the U.S. Small Business Administration (SBA) continues to help small business owners and entrepreneurs pursue the American dream. The SBA is the only cabinet-level federal agency fully dedicated to small business and provides counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses.
Regarding financial assistance: The SBA works with lenders to provide loans to small businesses. The agency doesn’t lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. The SBA reduces risk for lenders and makes it easier for them to access capital. That makes it easier for small businesses to get loans.
For information regarding the Small Business Administration's other important resources, please visit these pages:
The SBA urges you to be vigilant and aware of loan/grant scams and frauds at this time. For more information on protecting yourself from these scams, please visit their Scams and Fraud Alerts page, and review their informative document on these issues here.
Links of Interest:
- Local Assistance Map
- Disaster Loan Assistance
- Coronavirus (COVID-19) Small Business Guidance & Loan Resources
- SBA Loan & Debt Relief Options
- Capital Access Resources
- SCORE: Coronavirus Small Business Resource Hub
- Disaster Response Jobs at SBA
- Federal Contracting with Small Businesses
Documents of Interest:
- Disaster Loan Assistance Resources for Small Businesses
- Economic Injury Disaster Loans Factsheet
- Paycheck Protection Program (PPP): Frequently Asked Questions
- Participation of Faith-Based Organizations in PPP and EIDL: Frequently Asked Questions
- Comparison of COVID-19 Loan Programs (PPP & EIDL)
- How to Calculate Loan Amounts
- April 14, 2020: PPP Report
- April 7, 2020: Mississippi Bankers Association Press Release Regarding the Paycheck Protection Program
- SBA's Affiliation Rules Overview
- Beware of Scams & Fraud Schemes
- Mississippi District Office Small Business Resource Guide
Small Business Administration: Mississippi District Office
210 E. Capitol Street Suite 900
Jackson, MS 39201
Phone: (601) 965-4378
Fax: (601) 965-5629 or (601) 965-4294
The Mississippi District Office in Jackson serves the northern 70 counties, while the Gulfport Branch Office serves the 12 most southern counties.
Over the years, the SBA has developed many small business loan and assistance programs, special outreach efforts and initiatives to aid and inform small businesses. The following describes briefly all the services and information available through this office:
Financial assistance for new or existing businesses through guaranteed loans made by area bank and non-bank lenders. In Fiscal Year 2007, Nationally, SBA approved 110,275 loans totaling $20.6 billion exceeding loans made in FY 2006 (107,233 for $20.25 billion).
Free counseling, advice and information on starting, better operating or expanding a small business through (SCORE) Counselors to America’s Small Business.
Assistance to businesses owned and controlled by socially and economically disadvantaged individuals through the Minority Enterprise Development Program.
Women's Business Ownership Representatives are available to advise women business owners.
Special loan programs are available for businesses involved in international trade.
If you're a veteran, you can get business counseling and information about SBA guaranteed loans.