SBA: Agency Encourages Americans to Shop Small on Small Business Saturday®, November 29th
Today, the U.S. Small Business Administration (SBA) is encouraging Americans to support Main Streets across America by “shopping small” ahead of the holiday season on Small Business Saturday, November 29th. As one of the most important economic drivers of the year, Small Business Saturday, created by American Express, has generated over $220 billion* for independent retailers, restaurants, and…
SBA: SBIC Program Delivers Record Capital in FY25
America First agenda fuels surge of investment in nation’s small businesses Today, the U.S. Small Business Administration (SBA) announced that the Small Business Investment Company(SBIC) program closed Fiscal Year 2025 (FY25) with the largest level of investment capital in the program’s history. In total, the SBIC program reached $53 billion in combined private capital and SBA leverage, compared…
SBA: Shutdown Blocks SBA from Delivering $5 Billion to Small Businesses
10,000 Small Businesses Lost Access to SBA-Guaranteed Capital During Funding Lapse Today, the U.S. Small Business Administration (SBA) announced the cumulative impact of the federal shutdown on its small business lending programs. For fiscal year 2025 (FY25), the agency guaranteed a record 84,400 7(a) and 504 loans, delivering $45 billion to Main Street thanks to a historic demand for…
SBA: Agency Clears VetCert Program Backlog to Put Veteran Entrepreneurs First
Agency Restores Statutory Staffing and Funding to Support Veteran Contracting Opportunities Today, the U.S. Small Business Administration (SBA) announced that the agency has cleared the Biden-era backlog of Veteran Small Business Certification (VetCert) applications, which accumulated after the prior Administration diverted all resources away from VetCert to increase certification approvals for “socially disadvantaged” small businesses within the 8(a) Business Development…
FEMA: Over $1 Billion in Federal Funding Announced to Secure the FIFA World Cup Games and Protect Americans
FEMA Issues FY 2026 Funding Opportunities for FIFA World Cup and Counter Unmanned Aircraft Systems (UAS) Grant Programs Today, the Federal Emergency Management Agency (FEMA) published the Fiscal Year (FY) 2026 Notices of Funding Opportunity for the Counter-Unmanned Aircraft Systems (C-UAS) Grant Program and the FIFA World Cup Grant Program. Through the FIFA World Cup…
Federal Reserve: Governor Barr Delivers Speech on “Supporting Investment in Communities: The First 25 Years of the New Markets Tax Credit”
Speech delivered by Governor Michael S. Barr at the 2025 Fall New Markets Tax Credit Conference, New Orleans, Louisiana Thank you for asking me to be part of this celebration of 25 years of the New Markets Tax Credit (NMTC) and also the historic achievement of its permanent extension.1 I consider the credit a great achievement…
SBA: State-Level Analysis Released of Shutdown Impact on Small Business Lending
With Core Lending Programs Frozen, Agency is Unable to Deliver $170 Million to 320 Main Street Businesses Each Day Today, the U.S. Small Business Administration released a state-level analysis of how small businesses have been impacted by the federal shutdown, which has frozen the agency’s core 7(a) and 504 small business lending programs. For fiscal year 2025…
ABA: New National Survey Finds US Consumers Rank Banks Above Other Industries for Fraud Protection, Support Consistent Rules for Data Sharing
Poll also finds consumers are happy with their bank U.S. adults overwhelmingly trust banks more than any other entity to protect them from fraud, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. By more than a 6-to-1 margin over the next closest industry, consumers chose banks (50%)…
ABA: Foundation Announces 2025 Community Commitment Award Winners
The American Bankers Association Foundation today announced the recipients of its 2025 ABA Foundation Community Commitment Awards. The prestigious annual awards recognize banks for extraordinary service to their local communities in seven specific categories ranging from affordable housing to serving military families. The winners will be recognized at ABA’s Annual Convention in Charlotte, N.C. on Oct. 21. The…
SBA: Agency Delivers Record Capital to Small Businesses in FY25
America First agenda boosts small business optimism and growth Today, the U.S. Small Business Administration (SBA) announced that it will close Fiscal Year (FY) 2025 with the most capital ever delivered to small businesses thanks to a surge in demand and confidence under the leadership of President Donald J. Trump. In total, the agency has guaranteed 84,400…