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…
SBA: 2025 Annual Report Released
Today, the U.S. Small Business Administration (SBA) published its 2025 Annual Report, highlighting the historic Year One results of the agency under the leadership of President Donald J. Trump and SBA Administrator Kelly Loeffler. The report documents the SBA’s return to its statutory mission of strengthening small businesses and driving economic growth, and a reversal in course following…
SBA: SBIC Reforms Finalized to Fuel Private Investment in Critical Industries
Final Rule Removes Red Tape, Incentivizes Investment in American Industrial Dominance Today, the U.S. Small Business Administration (SBA) announced the publication of a final rule modernizing the Small Business Investment Company (SBIC) program to incentivize private capital investment in critical industries and reduce regulations to support the reindustrialization of America. The final rule will take effect February 2, 2026. “Confidence in…
SBA: Growth in Demand for Manufacturing Drives Record Surety Bond Guarantees in FY25
SBA Backs Historic $10.6 Billion in Contract Value Today, the U.S. Small Business Administration (SBA) announced that its Surety Bond Guarantee (SBG) Program delivered record results in fiscal year (FY) 2025 with $10.6 billion in guarantees, marking the strongest year in the program’s history. In FY25, the program supported more than 2,200 small businesses – especially those within the construction,…
SBA: First MARC Loans Delivered to Support Manufacturers
$3.5 Million in New Capital will Supercharge Reindustrialization Today, the U.S. Small Business Administration (SBA) announced it has approved its first round of 7(a) Manufacturers’ Access to Revolving Credit (MARC) Loans – already delivering $3.5 million in working capital to four manufacturers. The loan program, launched just prior to the federal shutdown, is the first-ever SBA loan offering dedicated…