SBA: Agency Launches Onshoring Portal to Help Small Business Identify U.S. Manufacturers and Producers
New Tool Connects Small Businesses to Network of more than 1 Million Domestic Suppliers Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), announced the launch of the Make Onshoring Great Again Portal, a free tool designed to help small businesses identify U.S. manufacturers and producers. With a database of more than 1 million American suppliers,…
SBA: Agency Overhauls Community Advantage Small Business Lending Company Loan Program for Underserved Commuities and Mission-Based Lenders
Agency Ends Expansion of “Mission Based” Community Advantage Loans Today, the U.S. Small Business Administration (SBA) announced an overhaul of the Community Advantage Small Business Lending Company (SBLC) program – a Biden-era program designed to grant government-backed 7(a) loans to “underserved communities” through “mission-based lenders.” As with other Biden-era schemes, lax oversight of the program has resulted…
SBA: Agency Celebrates National Small Business Week Following White House Proclamation
Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), joined the nation in recognizing National Small Business Week after President Donald J. Trump issued a formal proclamation(Link is external) declaring that the week would take place May 4-10, 2025. “This National Small Business Week, we honor the vital role that America’s entrepreneurs and job creators play in…
ICBA: Latest ThinkTECH Accelerator Cohort Announced
The Independent Community Bankers of America® (ICBA) today announced the selected companies for its ninth ICBA ThinkTECH Accelerator program (AP9). In market May 19 – July 25, the solutions represented in the second cohort of 2025 cover a broad range of key areas critical in helping community bankers meet a wide range of customer needs. …
ICBA: ICBA Honors Community Banks’ Role in Powering Small Business Success During Small Business Month
In recognition of National Small Business Month this May, the Independent Community Bankers of America® (ICBA) is celebrating the critical role community banks play in supporting the nation’s small businesses—the backbone of the American economy. Community banks fund more than 60% of small business loans, helping entrepreneurs launch, grow, and sustain their businesses. Their relationship-based…
SBA: New Legislation Will Double SBA Loan Limits and Supercharge Return of Made in America
Administrator Loeffler Applauds Congressional Proposal to Increase Capital for Small Manufacturers Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA) applauded Senator Joni Ernst (R-IA) and Congressman Roger Williams (R-TX) for introducing new legislation(Link is external) that will double the individual loan limit for 7(a) and 504 small business manufacturing loans from $5 million to $10 million….
SBA: New Grant Funding to Support Made in America Manufacturing Announced
Grant opportunity will award up to $1.1 million in funding to three eligible applicants Today, the U.S. Small Business Administration (SBA) announced a new funding opportunity as part of its Made in America Manufacturing Initiative, the agency’s targeted effort to restore the U.S industrial base, bring back American jobs, and promote our nation’s economic dominance and…
CFPB: Agency Will Not Prioritize Enforcement or Supervisory Actions of Section 1071 Small Business Lending Requirements
CFPB Keeps Its Enforcement and Supervision Resources Focused on Pressing Threats to Consumers The Consumer Financial Protection Bureau is announcing today that, with respect to the regulation titled Small Business Lending Under the Equal Credit Opportunity Act (Regulation B), implementing Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, 88 Fed. Reg….
SBA: 2025 National Small Business Week Virtual Summit Agenda Announced
SCORE, the Nation’s Largest Network of Volunteer Business Mentors, Co-Hosts Virtual Summit Today, the U.S. Small Business Administration announced the agenda for the National Small Business Week Virtual Summit, a free online event that will be held May 6-7. Registration is required(Link is external). The Virtual Summit, co-sponsored by SCORE(Link is external), will feature more than a dozen educational workshops led…
SBA: Agency Reinstates Robust Loan Underwriting Criteria for 7(a) Program to End Era of Irresponsible Lending
Today, the U.S. Small Business Administration (SBA) announced it will eliminate a package of Biden-era policies which dramatically reduced underwriting standards within the 7(a) loan program, sacrificing its financial integrity and driving up taxpayer liability. Under the leadership of Administrator Kelly Loeffler, the SBA is restoring robust rules to end the era of reckless lending – preserving access…