SBA: Agency Reinstates Robust Loan Underwriting Criteria for 7(a) Program to End Era of Irresponsible Lending
Today, the U.S. Small Business Administration (SBA) announced it will eliminate a package of Biden-era policies which dramatically reduced underwriting standards within the 7(a) loan program, sacrificing its financial integrity and driving up taxpayer liability. Under the leadership of Administrator Kelly Loeffler, the SBA is restoring robust rules to end the era of reckless lending – preserving access…
SBA: Full List of 2025 National Small Business Week Co-sponsors Announced
SCORE, the Nation’s Largest Network of Volunteer Business Mentors, Will Co-Host Virtual Summit Today, the U.S. Small Business Administration announced its cosponsors for the 2025 National Small Business Week, taking place May 4-10. SCORE, mentors to America’s small businesses and an SBA resource partner, will co-host this year’s National Small Business Week Virtual Summit, a free online event May…
SBA: Agency Highlights Range of New Measures to Stop Fraud
Reforms will end loans to illegal aliens, children, and deceased Today, the U.S. Small Business Administration (SBA) highlighted several new verification measures within its loan application process to strengthen protections against fraud and ensure its programs only benefit eligible American small business owners. The changes were implemented with the help of the Department of Government Efficiency (DOGE),…
SBA: Actions Initiated to Reverse Biden-Era Mismangement of Core 7(a) Lending Program
Waiver of $460M in Lender Fees Undermined Integrity of Program for Small Businesses and Taxpayers Today, as part of the work to reverse the gross financial mismanagement of the prior Administration, the U.S. Small Business Administration (SBA) announced it has restored lender fees to its 7(a) loan program. Waiving lender fees was one of the Biden-era practices that…
SBA: Agency-Wide Reorganization Announced
SBA will restructure to eliminate wasteful spending, restore mission of empowering small businesses Today, pursuant to EO 14210(Link is external), the U.S. Small Business Administration (SBA) announced its plans for an agency-wide reorganization. To return to its founding mission of empowering small businesses, and to restore accountability to taxpayers, the agency will reduce its workforce by 43% –…
SBA: Dates Set for Free National Small Business Week Virtual Summit
Summit will feature educational workshops, networking opportunities and information about federal resources Today, the U.S. Small Business Administration and SCORE(Link is external), mentors to America’s small businesses and an SBA resource partner, set the dates for the 2025 National Small Business Week virtual summit. The free two-day online event will take place May 6 and 7 from 10 a.m. to…
SBA: 2025 National Small Business Week Will Take Place May 4-10
State and territory Small Business Persons of the Year will compete for national award to be presented in Washington, D.C. Today, the U.S. Small Business Administration announced its list of state and territory Small Business Persons of the Year ahead of this year’s National Small Business Week, which will take place May 4-10, 2025. SBA Administrator Kelly Loeffler will kick…
SBA: Made in America Manufacturing Initiative Announced
Effort will cut $100B in regulation, expand access to capital and create dedicated infrastructure to support blue-collar boom Today, U.S. Small Business Administration Administrator Kelly Loeffler announced the agency’s new Made in America Manufacturing Initiative to restore American economic dominance and national security by empowering small manufacturers. The agency’s effort will support President Trump’s agenda to create good-paying jobs,…
SBA: New MySBA Digital Experience Outlined to Transform How Business Owners Interact with SBA
New MySBA Experience Builds on SBA’s Efforts to Transform Customers’ Experiences with the Agency via Innovative Digital Tools Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, is celebrating the culmination of the SBA’s efforts to transform customers’ experiences…
SBA: Small Business Community Lending Network Strengthened in Underserved Communities
New Community Advantage Small Business Lending Companies Bring More Funding to Main Street and Rural America Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced additions to the Community Advantage Small Business Lending Company (CA SBLC) program. The…