August 28, 2016 5:08 PM ET

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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 3rd Street SW

Washington, DC 20416

United States

Founded in 1953

Phone:

800-827-5722

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
Compensation as of Fiscal Year 2016.

United States Small Business Administration Key Developments

Small Business Administration Denies Responsibility for Fraudulent Policies in Federal Injunction Case

In responding to the federal lawsuit filed by the American Small Business League (ASBL) for diverting federal small business contracts to Fortune 500 firms, the Small Business Administration (SBA) is arguing they have no legal responsibility to ensure the accuracy of their reports. The ASBL is asking the court to stop two specific policies the SBA has created that are a direct violation of the Small Business Act. The ASBL believes the illegal SBA policies cheat small businesses out of billions of dollars in federal contracts every year. Federal law mandates that small businesses receive a minimum of 23% of all prime contracts. The SBA created an exclusionary rule that excludes the vast majority of the total federal acquisition budget from their calculations. This policy has dramatically reduced the volume of federal contracts that are actually awarded to small businesses. According to the Congressional Budget Office, the total acquisition budget for fiscal year 2015 was $1.2 trillion. For 2015, the SBA used a number of just $391 billion. The ASBL believes in 2015 small businesses lost over $186 billion in contracts as a result of the SBA's exclusionary rule. The ASBL is also asking the court to halt the SBA policy of diverting billions of dollars a year in federal small business contracts to Fortune 500 firms. SBA Administrator, Maria Contreras-Sweet admitted the SBA created a grandfathering rule that allows them to divert federal small business contracts to Fortune 500 firms such as Northrop-Grumman, Chevron and Raytheon.

United States Small Business Administration Presents at Midwest Private Equity Conference, Jun-02-2016 09:30 AM

United States Small Business Administration Presents at Midwest Private Equity Conference, Jun-02-2016 09:30 AM. Venue: The Drake, Chicago, IL, United States. Speakers: Mark Walsh, Head of The Office of Investment & Innovation.

United States Small Business Administration Presents at Western Private Equity Conference 2016, Apr-13-2016 02:45 PM

United States Small Business Administration Presents at Western Private Equity Conference 2016, Apr-13-2016 02:45 PM. Venue: Santa Monica, California, United States. Speakers: Arthur A. Spivey, Financial Analyst.

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