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March 30, 2015 7:14 AM ET

Diversified Financial Services

Company Overview of United States Small Business Administration

Company Overview

United States Small Business Administration is a government organization that caters to the interests of small businesses and families. It helps individuals and enterprises in recovery from national disasters and offers consulting and protection services. The organization assists in national economic development and provides financial support. In addition, it facilitates legal assistance; online courses and counseling; as well as workshops and training programs. The organization works through a network of regional offices across the U.S. United States Small Business Administration was founded in 1953 and is based in Washington, District of Columbia.

409 Third Street SW

Washington, DC 20416

United States

Founded in 1953

Phone:

202-205-6720

Fax:

202-205-7272

Key Executives for United States Small Business Administration

President, Chief Executive Officer and Member of Region I Small Business Regulatory Fairness Board
Chief Financial Officer and Associate Administrator of Performance Management
Chief Operating Officer
Chief Executive Officer of the Association of Small Business Development Centers and President of the Association of Small Business Development Centers
Chief of Staff
Compensation as of Fiscal Year 2014.

United States Small Business Administration Key Developments

U.S. Small Business Administration Opens Disaster Loan Outreach Centers in Erie and Wyoming Counties, New York

The U.S. Small Business Administration announced that it will open Disaster Loan Outreach Centers (DLOC) in West Seneca on Jan. 7, 2015, and in Attica on Jan. 14, 2015.  The location of the DLOCs will make it convenient for those affected by the severe winter storm that occurred Nov. 19 – 26, 2014 to apply for disaster assistance. The declaration covers Erie County and the adjacent counties of Cattaraugus, Chautauqua, Genesee, Niagara, and Wyoming in New York. Loans up to $200,000 are available to homeowners to repair or replace disaster damaged or destroyed real estate.  Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.  SBA Customer Service Representatives will be at the DLOCs to applications, answer questions and help individuals complete their applications. Businesses and non-profits organizations of any size may borrow up to $2 million to repair or replace damage or destroyed real estate, machinery and equipment, inventory and other business assets. Applicants may be eligible for a amount increase up to 20% of their physical damages, as verified by the SBA, to make improvements that help prevent the risk of future property damage caused by a similar disaster.

The U.S. Small Business Administration Names Karen Friel as New District Director for West Virginia District Office

The U.S. Small Business Administration announced Karen Friel has been named the new District Director for SBA's West Virginia District Office. Friel has been employed by the agency for the past seven years. As SBA's new District Director, Friel is responsible for the delivery and leadership of SBA's financial and business development programs throughout the state of West Virginia. Prior to joining the SBA, Friel was a commercial loan processor for ten years with multiple banking institutions in West Virginia.

U.S. Small Business Administration Relocates Business Recovery Center in Macomb County

The U.S. Small Business Administration announced the moving of the Macomb County Business Recovery Center to the Renaissance Unity Church, Gathering Room, 1120 East 11 Mile Road, Warren, MI on Nov. 13 to assist business owners in applying for low interest disaster loans. These loans are made available due to the SBA disaster declaration as a result of severe storms and flooding on Aug. 11-13, 2014 in Michigan. This disaster declaration covers Macomb, Oakland and Wayne counties in Michigan which are eligible for both physical and economic injury disaster loans from the SBA. Small businesses and most private non-profit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans: Genesee, Lapeer, Livingston, Monroe, Saint Clair and Washtenaw in Michigan. Businesses with physical damages or loss of revenue resulting from the recent flooding should seriously consider visiting the Center and applying for an SBA disaster business loan. The existing Business Recovery Center closes on Nov. 12; new location opens on Nov. 13.

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