SBA Celebrates 72 Years of Service to America’s Small Businesses

(U.S. Small Business Administration image)

(KNOX) – The U.S. Small Business Administration celebrates its 72^nd anniversary – and over seven decades of empowering entrepreneurs, supporting disaster recovery, and championing economic growth in every corner of our nation.

“Over the course of 72 years, the SBA has grown to become the government’s largest guarantor of business loans – responsible for delivering the capital, business counselling, and federal contracting opportunities that have grown thousands of small businesses and created millions of jobs,” said SBA Administrator Kelly Loeffler. “We’re proud to support the American Dream and the engine of our economy – and even more excited about what’s to come for Main Street with President Trump’s America First agenda. With record loan volumes, strict oversight, and targeted initiatives to strengthen America’s 34 million small businesses, we’re modernizing the SBA to deliver results for job creators and taxpayers alike.”

Since its founding in 1953, the SBA has helped millions of Americans start and grow small businesses, which today represent 99% of all businesses in the United States. Now, under the leadership of Administrator Kelly Loeffler, the agency is focused on restoring accountability, cutting fraud and waste, eliminating partisan bias, and restoring the agency to its core mission of driving economic opportunity and growth.

Since January 20, 2025, the SBA has delivered record results, including approving nearly 45,000 7(a) and 504 loans for over $23 billion, an 11% increase in loans year over year. The agency has also approved more than 2,600 manufacturing loans for $1.9 billion, and nearly 24,000 disaster loans for $3.7 billion