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Historical minimum percentages of their "extramural" R&D budgets for awards to small business concerns are: 2.5% of such budget in each of fiscal years 1997 through 2011; 2.6% of such budget in fiscal year 2012; 2.7% of such budget in fiscal year 2013; 2.8% of such budget in fiscal year 2014; 2.9% of such budget in fiscal year 2015;
The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...
Under this program, SBA makes funds available to non-profit community based lenders (intermediaries) that in turn, make loans to eligible borrowers in amounts up to a maximum of $50,000. The average loan size is about $13,500. Applications are submitted to the local intermediary and all credit decisions are made on the local level.
The SBA's nine-year 8(a) ... In addition to the free training on its website, the Small Business Administration offers a mentor-protégé program, which allows small businesses that may not be ...
But, self-employed or freelancers can also qualify as small business owners. For SBA loans, the Small Business Administration (SBA) requires a business to be for profit, independently operated and ...
This will require extensive documentation, including personal and business financial statements, a business plan and SBA-specific forms, such as SBA Form 413 and 1920. Most SBA loans also require ...