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 less. “We are committed to…
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 by Hurricane Ida earlier this…
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 million in awards. This important…
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 community, and connected with fellow…
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 out the mission of helping…
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 resilience of America’s entrepreneurs and…
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 Loan (EIDL) program, a federal…
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 they help low-income entrepreneurs get…
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 Development, enables VIP to deliver…
SBA: National Small Business Week Virtual Summit Event Schedule for September 13-15 Announced
The U.S. Small Business Administration’s National Small Business Week Virtual Summit event schedule is set. This annual event, happening September 13-15, 2021, honors the nation’s 31 million small businesses for their perseverance, ingenuity, triumphs, and creativity. SBA Administrator Isabella Casillas Guzman announced National Small Business Week in a news release last month. The free, three-day conference will take place in a…