The Small Business Administration (SBA) was established in 1953 by the Small Business Act, signed into law by President Eisenhower. The SBA was created to promote the interests of small businesses and enhance competition in the private marketplace. Prior to the establishment of the SBA, small businesses had limited access to credit resources. 

Scott McBride, SBA Lender for One Florida Bank, joins me this week to talk about what the SBA actually is for clients, how they function in providing capital to small businesses, and how they partner with banking and lending institutions to support the growth of the U.S. Economy.