SBA: Agency Highlights Working Capital Loans for U.S. Homebuilders
Up to $5 Million in Flexible Financing Available for Local Builders as Mortgage Rates Hit 3-Year Low for Homebuyers With U.S. mortgage rates dropping to below 6% for the first time in three years, the U.S. Small Business Administration (SBA) is highlighting for homebuilders the 7(a) Working Capital Pilot (WCP) Program. With access to capital, homebuilders can accelerate residential…
HUD: Disaster Aid & Financial Flexibility Delivered for Louisiana Residents Impacted by Natural Disasters
Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to state of Louisiana to supplement recovery efforts in the areas affected by the severe winter storm on January 23-27, 2026. “One of our core responsibilities at HUD is to help rebuild homes, businesses, and communities after natural disasters,” said HUD…
CDFI Fund: Effective Date Extended for CDFI Certification Small Business Loan Disclosure Policy
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has extended the effective date for when CDFI Certification Applicants and currently Certified Community Development Financial Institutions (CDFIs) must begin implementing small business loan product disclosures to borrowers. In December 2023, the CDFI Fund released the final revised CDFI Certification Application. As part of the…
HUD: Disaster Aid & Financial Flexibility Delivered to Mississippi Residents Impacted by Natural Disasters
Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to state of Mississippi to supplement recovery efforts in the areas affected by the severe winter storm on January 23-27, 2026. “One of our core responsibilities at HUD is to help rebuild homes, businesses, and communities after natural disasters,” said HUD…
HUD: Disaster Aid & Financial Flexibility Delivered for Tennessee Residents Impacted by Natural Disasters
Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to state of Tennessee to supplement recovery efforts in the areas affected by the severe winter storm on January 22-27, 2026. “One of our core responsibilities at HUD is to help rebuild homes, businesses, and communities after natural disasters,” said HUD…
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: 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…
ICBA: ICBA Strongly Supports Senate Bill to Close Industrial Loan Company Loophole
The Independent Community Bankers of America (ICBA) today expressed its strong support for bipartisan legislation to close the industrial loan company (ILC) loophole, which allows commercial companies to own full-service banks without full regulatory oversight. A loophole in the Bank Holding Company Act allows commercial and fintech companies to own or acquire ILCs chartered in…
SBA: New Regulatory Guidance Issued to Cut California Red Tape and Expedite Los Angeles Wildfire Rebuild
New rule allows builders to self-certify compliance, bypass permitting backlogs, and begin rebuilding Today, the U.S. Small Business Administration (SBA) published regulatory guidance pursuant to President Donald J. Trump’s Executive Order 14277, “Addressing State and Local Failures to Rebuild Los Angeles After Wildfire Disasters,” which will allow builders to self-certify compliance with substantive state and local rebuilding requirements when SBA disaster…
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…