SBA: Progress in Small Business Lending Announced with End-of-Year Capital Program Numbers
Agency has increased number and dollar amount of loans across several small business capital programs Today, ahead of the biggest shopping day of the year, U.S. Small Business Administrator Isabel Casillas Guzmanannounced that the SBA delivered $50 billion in capital, disaster relief, and bonding to small businesses and disaster-impacted communities across America in Fiscal Year 2023 (FY23). Under the Biden-Harris…
SBA: USDA and SBA Strengthen Partnership to Create Jobs and Economic Growth in 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 33 million small businesses, announced today that the SBA is strengthening its longstanding partnership with the U.S. Department of Agriculture (USDA) to create jobs and expand access to new and better market opportunities for…
EDA: $4.4 Million Invested for Infrastructure Improvements to Support Business Growth and Development in Louisiana
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $4.4 million in the state of Louisiana to make critical infrastructure improvements needed to support current and future businesses in regions impacted by recent disasters. The EDA investments announced today are: “President Biden is committed to making sure the…
SBA: Adminstrator Guzman Encourages Shopping Small on November 25th for Small Business Saturday
SBA Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, is encouraging the nation to shop, dine, and entertain at local small businesses on November 25 in celebration of Small Business Saturday® and throughout the holiday season. Small Business Saturday is…
EDA: 60 Recipients of “Build to Scale” Program Announced in Support of Innovators, Entrepreneurs, and Startups through Regional, Technology-Based Economic Development Strategies
Grantees Represent 36 States, District of Columbia and Puerto Rico Today, the U.S. Department of Commerce announced “Build to Scale” grants awarded to 60 organizations across the country — located in 36 states, the District of Columbia, and Puerto Rico — totaling $53 million for programs that support technology entrepreneurs, catalyze innovation, and fuel economic…
SBA: Historic Step Taken to Expand Access to Capital and Fill Lending Gaps in Underserved Communities through the SBLC Program
New Licenses Mark Milestone Achievement in Biden-Harris Administration Efforts to Increase Access to Capital Today, Administrator Isabel Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced that the SBA has granted three new Small Business Lending Company (SBLC) licenses to lenders focused…
SBA: Anniversary of Women’s Business Ownership Act Celebrated and FY Lending to Women-Owned Businesses Announced
SBA-Backed Loans to Women-Owned Small Businesses are Up 70% Under Biden-Harris Administration Today, Administrator Isabel Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, celebrated the 35th anniversary of Women’s Business Ownership Act of 1988 (H.R. 5050) by announcing new data showing SBA-backed…
SBA: Significant Increase in Lending to Black-Owned Small Businesses Announced
Total Number and Dollar Amount of SBA-backed Loans to Black-Owned Small Businesses See 2.5x Increase Under Biden-Harris Administration Today, Administrator Isabel Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced new SBA data showing that SBA-backed loans to Black-owned small businesses…
SBA: National Veterans Small Business Week Announced
Events Nationwide Will Highlight Agency’s Efforts to Support Nearly 2 Million Veteran and Military Spouse-Owned Small Businesses Today, Administrator Isabel Guzman, the head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the SBA will celebrate the 10th annual National Veterans Small Business Week (NVSBW) from Oct….
EDA: 31 Tech Hubs Designated Across America
As part of the President’s Investing in America agenda, the U.S. Department of Commerce identified regional centers primed for technological innovation and job creation The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today announced the designation of 31 Tech Hubs in regions across the country. This is the first phase…