SBA: Agency Moves to Terminate Over 620 Firms in 8(a) Federal Contracting Program That Refused to Turn Over Financial Data
Nearly 20% of all 8(a) contractors removed for non-compliance after dramatic expansion under Biden-era DEI push Today, the U.S. Small Business Administration (SBA) initiated termination proceedings to remove 628 firms from the 8(a) Business Development Program after they refused to comply with SBA’s order to turn over three years’ worth of financial documents for review. Last year, the SBA…
SBA: Agency Highlights Working Capital Loans for U.S. Homebuilders
Up to $5 Million in Flexible Financing Available for Local Builders as Mortgage Rates Hit 3-Year Low for Homebuyers With U.S. mortgage rates dropping to below 6% for the first time in three years, the U.S. Small Business Administration (SBA) is highlighting for homebuilders the 7(a) Working Capital Pilot (WCP) Program. With access to capital, homebuilders can accelerate residential…
SBA: SBA & National Association of Manufacturers to Host National Supplier Matchmaking Expo on March 11th
Registration is Now Open for Inaugural Event to Promote Made in America Today, the U.S. Small Business Administration (SBA) announced that the inaugural 2026 Supplier Matchmaking Expo will take place on March 11, 2026 at the Charlotte Motor Speedway in Charlotte, North Carolina. The event, which is co-hosted by the National Association of Manufacturers (NAM), is designed to support the…
EDA: Inaugural Regional Commissions Convening Held in Charleston, WV
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) hosted the inaugural Regional Commissions Convening in Charleston, West Virginia. The event brought together representatives from EDA and regional commissions throughout the United States. This event was designed to foster improved coordination between EDA and the commissions, to better help distressed communities succeed in an…
SBA: Agency Moves to Terminate Over 150 8(a) Firms in Washington, D.C. Following Eligibility Review
Firms Received Nearly $1.3 Billion in Federal Contracts During Biden Administration Today, the U.S. Small Business Administration (SBA) sent a letter to 154 Washington, D.C.-based 8(a) firms initiating termination proceedings after an internal review revealed that the firms failed to meet “economic disadvantage” eligibility requirements in the 8(a) Business Development Program. The firms – which will be suspended…
SBA: 2025 Boots to Business Instructor of the Year Award Winners Announced
Recipients to be Recognized During Virtual Ceremony Feb. 19 The U.S. Small Business Administration (SBA) today announced the winners of the 2025 Boots to Business Instructor of the Year awards, honoring educators and professionals whose service and dedication have made a lasting difference for America’s service members, veterans, and military spouses pursuing entrepreneurship. These awards recognize individuals who…
ABA: Foundation Releases New Ideas to Impact Report Showcasing Innovative Strategies to Strengthen Communities Nationwide
The ABA Foundation today unveiled Ideas to Impact: A Framework for Influencing Banking’s Next Century, a first-of-its-kind report capturing forward-looking ideas from bankers, community leaders and nonprofit partners on how financial institutions can drive meaningful economic and community impact in the decades ahead. Developed as part of the Foundation’s 100th anniversary celebration in 2025, the report…
SBA: Working Capital Pilot Program Delivers $150 Million to Support U.S. Manufacturing
Flexible Credit Line Supports Expansion and Job Creation Today, the U.S. Small Business Administration (SBA) announced a major milestone for its 7(a) Working Capital Pilot (WCP) Program, which has delivered more than $150 million in new lending since its inception – of which more than $125 million was approved since President Trump took office last January. The success of the…
SBA: Over 1,000 8(a) Firms Suspended from Program Following December Document Request
Action is Latest in Sweeping Effort to Dismantle DEI, Expose Fraud, and Restore Integrity to Federal Contracting Today, the U.S. Small Business Administration (SBA) announced the suspension of 1,091 firms from the 8(a) Business Development Program – representing about 25% of all firms registered to participate in the federal government contracting program. The suspension comes after the…
SBA: Clarifying Guidance Issued that Race-Based Discrimination Is Not Tolerated in the 8(a) Program
Action is Latest in Year-Long Effort to Dismantle DEI Discrimination, Expose Fraud, and Restore Fairness in Federal Contracting Today, the U.S. Small Business Administration (SBA) issued formal guidance to SBA program officials reiterating, in alignment with policy changes implemented by Administrator Kelly Loeffler last year, that race-based discrimination within the 8(a) Business Development Program is unconstitutional and…