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The _____ is an agency of the federal government that offers both managerial and financial assistance to small businesses.

A. Business Incubator Agency
B. Federal Aid Program
C. Business Welfare Administration
D. Small Business Administration
E. Council for Small Business

1 Answer

2 votes

Answer:

D. Small Business Administration.

Step-by-step explanation:

The Small Business Administration (SBA) is an agency of the federal government that offers both managerial and financial assistance to small businesses. SBA was established in 1953 as an autonomous or independent agency of the government of the United States of America. Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.

The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, in order to provide them with the necessary funds required to plan, start and grow their business.

Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.

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