An Introduction to the SBA

The Small Business Administration (SBA) was officially founded in 1953, but it grew out of the harsh economic times of the Great Depression and World War II. President Hoover believed that the government could step in and provide assistance to small businesses that were struggling as a result of the war and a weak economy, so it formed the RFC (Reconstruction Finance Corporation).  Some twenty years later, Hoover’s agency was transformed into the SBA. Since then, it has provided assistance to millions of American business owners. The video that follows will give you an introduction to the SBA.