What is an example of a federal government agency that supports small businesses?

Jump Start your Micro-Enterprise Credential Exam prep with our engaging, interactive quiz. Utilize flashcards, explore multiple choice questions, and receive tips with detailed explanations. Propel your learning journey to success!

The Small Business Administration (SBA) is a federal government agency specifically designed to support small businesses. It plays a crucial role in providing resources, funding, training, and advocacy for entrepreneurs and small business owners. The SBA offers various programs, including loan guarantees, grants, and advising services that can help businesses navigate challenges and grow.

This agency's focus on small businesses makes it a vital resource for developing and sustaining entrepreneurship throughout the country. By providing access to capital and facilitating training programs, the SBA empowers small business owners to launch, manage, and expand their operations effectively.

Other options listed, while they may assist businesses in various capacities, do not focus solely on small businesses like the SBA does. The Federal Trade Commission monitors marketplace competition and protects consumer rights, the Department of Commerce works on broader economic and trade issues, and the Small Business Bureau is not a recognized federal agency. Thus, the SBA stands out as the correct example of a federal agency dedicated to the needs of small businesses.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy