SBA: New Shuttered Venue Operators Grant Supplemental Awards Begun

Program has delivered over $10 billion in economic relief to 12,000 venues across the nation Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the SBA began supplemental award notifications to eligible applicants this week, through the Shuttered Venue Operators Grant (SVOG) program. Thus far, the SBA has awarded over $10 billion in economic relief […]

SBA: New PPP Milestone Reached with One Million Borrowers Applying for Direct Forgiveness in Less than Two Months

Administrator Guzman highlights new Direct Forgiveness Portal and other innovations as critical to accelerating reviews and approvals The U.S. Small Business Administration (SBA) reached a major milestone today as its Paycheck Protection Program (PPP) Direct Borrower Forgiveness Portal recorded its one millionth PPP loan forgiveness application for borrowers seeking forgiveness for loans of $150,000 or […]

SBA: Hurricane Ida Assistance Tops $110 Million

SBA Disaster Relief is Reaching Small Businesses, Homeowners, Renters, and Nonprofits Across Impacted States Isabella Casillas Guzman, Administrator of the U.S. Small Business Administration (SBA) announced today that the agency has delivered more than $110 million in disaster rescue funds to small businesses, homeowners, renters, and nonprofit organizations recovering from damages caused […]

SBA: $5.4 Million in Prizes Announced to Nearly 100 Awardees to Support Inclusive Entrepreneurship in the Innovation Ecosystem

Today, U.S. Small Business Administration Administrator Isabella Casillas Guzman announced 84 winners for the Growth Accelerator Fund Competition (GAFC) and eight winners for the Small Business Innovation Research (SBIR) Catalyst competition, a new component aimed at spurring investment in underrepresented communities within the innovation economy at scale, receiving a combined total of $5.4 […]

SBA: National Small Business Week Virtual Summit Highlights Resiliency and Recovery

Prominent small business investors, entrepreneurs, and mentors address nearly 50,000 attendees The U.S. Small Business Administration announced today that this year’s National Small Business Week (NSBW) Virtual Summit drew more than 47,000 participants for the three-day virtual summit. Attendees heard from celebrity business owners, investors, entrepreneurs, and lead advisors from across the small business […]

SBA: Awardees Announced for Two New Women’s Business Centers in Puerto Rico

The New Centers Will Increase Opportunities and Recovery Solutions for Women Entrepreneurs throughout the Island The U.S. Small Business Administration announced today the launch of two Women’s Business Centers (WBC) in Puerto Rico, hosted by Ana G. Méndez University, Gurabo Campus (UAGM-Gurabo), and Friends of Puerto Rico. The new centers will carry […]

SBA: President Biden Proclaims September 12-18 as National Small Business Week

The U.S. Small Business Administration’s 2021 National Small Business Week celebrations will officially commence next week with a three-day virtual summit. SBA Administrator Isabella Casillas Guzman will kick off the national event on Monday, September 13, addressing nearly 30,000 registered participants during the educational, training, and networking event. This year’s free event will spotlight the […]

SBA: Enhanced COVID Economic Injury Disaster Loan Program to Aid Small Businesses Facing Challenges from Delta Variant Announced

Increased Loan Cap to $2 Million, Expanded Use of Funds to Pay and Prepay Business Debt, Streamlined Review Processes, and Deferred Payments; First Approval and Disbursement of Loans of $500,000 or Less Also Introduced. Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced major enhancements to the COVID Economic Injury Disaster […]

SBA: $5.2 Million in PRIME Grants Awarded to Help Emerging Micro-entrpreneurs Gain Access to Capital

Grants Will Help 27 Organizations Provide Technical Assistance and Training Services to Economically Disadvantaged Businesses in HUB and Opportunity Zones The U.S. Small Business Administration has awarded 27 organizations across the United States a total of $5.2 million under the Program for Investment in Micro-Entrepreneurs (PRIME) grant awards.  PRIME supports these nonprofit organizations as […]

SBA: Funding Awarded for Veteran Federal Procurement Entrepreneurship Training Program

The U.S. Small Business Administration today announced the awarding of $500,000 in a grant agreement with the Montgomery County Chamber of Commerce Community Foundation’s National Center for the Veteran Institute for Procurement (VIP) to deliver the SBA’s Veteran Federal Procurement Entrepreneurship Training Program.   The funding opportunity, offered by SBA’s Office of Veterans Business […]