SBA: Letter Issued to Lending Network Instructing Them to End Practice of Debanking
Agency Takes Decisive Action to Enforce President’s Directive to Stop Financial Discrimination Today, the U.S. Small Business Administration (SBA) sent a letter to its network of over 5,000 lenders instructing them to end politicized or unlawful banking practices. Pursuant to Executive Order 14331, “Guaranteeing Fair Banking for All Americans,” SBA is requiring all lenders to stop the practice…
SBA: SBA and EPA Announce New Guidance to Ease Diesel Exhaust Mandates for Small Businesses and Small Farms
Guidance expected to save family farmers $727 million annually Today, U.S. Small Business Administration (SBA) Administrator Kelly Loeffler joined U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin in Des Moines, Iowa to announce new action to protect American farmers, truckers, and diesel equipment operators from sudden speed and power losses caused by diesel exhaust fluid (DEF) mandates. EPA’s new…
SBA: New Regional Innovation Cluster Funding Announced to Support Domestic Manufacturing
$7.5 Million Now Available to Support American Industry, Strengthen Supply Chains, and Bring Jobs Back Home In a major push to restore America’s industrial dominance, the U.S. Small Business Administration (SBA) has announced the availability of new Regional Innovation Cluster (RIC) funding of up to $7.5 million to support domestic manufacturers. 98% of American manufacturers are small…
SBA: Agency Celebrates 72 Years of Service to America’s Small Businesses
Loeffler’s leadership delivers lending surge, greater accountability, and renewed focus on Main Street Today, the U.S. Small Business Administration celebrates its 72nd anniversary – and over seven decades of empowering entrepreneurs, supporting disaster recovery, and championing economic growth in every corner of our nation. “Over the course of 72 years, the SBA has grown to become the…
SBA: Agency Issues Letter of Warning to Federal Contracting Officers
Letter underscores obligation to report fraud, waste, and abuse in 8(a) Program This week, the U.S. Small Business Administration (SBA) issued a formal letter to contracting officers across the federal government, strengthening oversight of the SBA 8(a) Business Development Program and reinforcing the officers’ legal responsibility to report suspected fraud, waste, and abuse. “Our 8(a) contracting officers have a legal…
SBA: SBA and Department of Labor Sign MOU to Support Domestic Manufacturing
Enhanced collaboration will cultivate pipeline of skilled workers, restore American industrial dominance Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Labor (DOL) signed a memorandum of understanding (MOU) to support American manufacturing. The agreement, which will enhance collaboration and data-sharing across key programs, is designed to cultivate a pipeline of skilled workers while also promoting…
ABA: U.S. Farm Banks Deliver Strong Growth and Stability in 2024, Reinforce Vital Role in Agricultural Credit
The American Bankers Association today released its annual Farm Bank Performance Report highlighting the critical role farm banks played in supporting U.S. agriculture in 2024. Despite continued challenges from global uncertainty and lingering supply chain disruptions, farm banks posted solid financial performance, improved asset quality and increased lending to America’s farmers and ranchers. The U.S. banking industry…
SBA: Center of Faith Launched Including Removal of Ban on Disaster Relief for Faith Organizations
Today, the U.S. Small Business Administration (SBA) launched its Center for Faith to empower faith-based businesses, community organizations, and houses of worship with access to capital, counselling, and government contracting opportunities. As part of its commitment to ending federal discrimination against religious entities, the agency is also eliminating a regulation, previously upheld by the Biden…
SBA: Interagency Task Force on Veterans Small Business Development to Host Public Meeting on July 15
Today, the U.S. Small Business Administration (SBA) announced that the quarterly Interagency Task Force (IATF) on Veterans Small Business Development meeting will occur on July 15, 2025. The public is encouraged to attend this meeting and hear updates on the status of policies and initiatives that affect veteran-owned businesses. “Veterans’ resourcefulness, determination, and grit are just a…
SBA: Agency Reinstates Rule to Return Federal Contractors to Work
COVID-Era Moratorium on Physical Office Requirement for 8(a) Program Will End September 30 Today, the U.S. Small Business Administration announced that it would be reinstating a rule to require government contractors to return to work. Effective Oct. 1, participants in SBA’s 8(a) Business Development Program will once again be required to have an actual, physical office within the geographic…