Small Business Administration's Recovery Capital Loans

by: TopGovernmentGrants Editorial Staff

The Small Business Administration, otherwise known as SBA, is the United States government's leading agency that is responsible for offering and providing support to the country's entrepreneurs and small businesses.

The Small Business Administration is constantly working towards enabling the growth and development of small businesses as stipulated in their mission statement, which is "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 keeping with the agency's mission, SBA has recently established the Recovery Capital Loans Program which 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. (continued...)

Small Business Administration's Recovery Capital Loans
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