The Small Business Administration (SBA) was created by Congress in 1953 to aid and protect small businesses. The SBA provides financial assistance like guaranteed loans for various business purposes. It also offers free online training courses and workshops and connects businesses to resource partners that provide free counseling. Specific SBA loan programs include 7(a) loans that can guarantee up to $1.5 million and the CDC 504 loan program. The SBA also helps small businesses obtain government contracts by ensuring they receive a fair share currently set at 23% of contracts.