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.

  (continued...)

Small Business Administration's Portable Assistance Program
  Page 2

About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on children grants and education grant money.

Additional Resources

category - Small Business Grants

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.

---

Small Business Administration Background
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.

---

Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.

---

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.

---