United States Small Business Administration (SBA) is a government agency based in Washington, District of Columbia. Established in 1953, SBA was created as an independent body of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of the nation. The agency helps Americans start, build, and grow businesses. The agency provides small businesses with an array of financing for small businesses from the smallest needs in micro-lending, to substantial debt and equity investment capital (venture capital). The assets are managed by the executive management team.The United States Small Business Administration's investment portfolio is valued at $16.71 billion, with investments in private equity, fixed income, and cash.