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Under the current SBA definition of a small business, you could have 1,500 employees and still be considered small. (Photo credit: Wikipedia) According to the United States Small Business Administrationâs (SBA) Office of Advocacy, 99.7 percent of all U.S. firms are small businesses.
The U.S. Small Business Administration (SBA) was created by Congress in 1953 as an independent agency of the federal government.he agency provides services to more than 1 million entrepreneurs and small business owners annually. In January 2012, President Obama elevated the SBA into his Cabinet, a position it last held during the Clinton administration.