Small Business

SBA: Working Capital Loan Pilot Program Launched

Pilot Program Expands Small Businesses’ Access to Credit Lines That Create Jobs, Spur Sales and Growth 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 more than 33 million small businesses, announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured…

SBA: New Actions and Resources Announced to Advance Clean Energy Economy

SBA Removes Cap on Loans for Clean Energy Projects 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 more than 33 million small businesses, announced that the agency has removed its 504 Loan Program’s cap on lending for clean energy projects as part of broader…

EDA: $800,000 Invested to Capitalize a Revolving Loan Fund and Support Small Businesses in South Dakota

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Northeast Council of Governments Development Corporation in Aberdeen, South Dakota, to capitalize and administer a Revolving Loan Fund (RLF) serving small businesses in 12 counties in Northeast South Dakota. The RLF will support businesses facing obstacles in obtaining…

EDA: $3 Million Invested to Establish Business and Entrepreneurship Center in Tulsa, OK

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Tulsa Economic Development Corporation in Tulsa, Oklahoma, to create a business and entrepreneurship center. This grant will provide services, tenant opportunities, and meeting space for local entrepreneurs. This EDA investment will be matched…

SBA: Funding Awards Announced for Three Organizations to Provide Women Veteran Entrepreneurship Training Programs

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 more than 33 million small businesses, announced $300,000 in funding for three organizations to deliver the SBA’s Women Veteran Entrepreneurship Training Program (WVETP) to local veterans. “The Biden-Harris Administration is committed to honoring the service of the…

SBA: New Rule Announced to Increase Economic Opportunity for Returning Citizens

New SBA Rule Will Make it Easier for Returning Citizens to Start and Run a Business, Creating Economic Opportunity and Reducing Recidivism Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced that the Biden-Harris Administration has finalized a new rule…

SBA: Louisiana Small Business Owner Named 2024 National Small Business Person of the Year

Washington State Cleaning Company Founder Saluted as Runner-Up 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 more than 33 million small businesses, named Iam C. Tucker of Integrated Logistical Support, Inc. (ILSI) in Louisiana as the National Small Business Person of the Year for 2024 at…

SBA: Record-Breaking $178 Billion in Federal Procurement Opportunties Awarded to Small Businesses

10 Federal Agencies Earn A+ in SBA’s Annual Scorecard Released During National Small Business Week Today, at a roundtable discussion hosted by the White House and attended by several federal agencies to mark National Small Business Week, SBA Administrator Isabel Casillas Guzman announced the agency’s Fiscal Year (FY) 2023 federal procurement “Scorecard” results, which measure how well federal…

SBA: 2023 THRIVE Program Winners Recognized

Cohorts from Puerto Rico and Seattle Will Be Honored at the National Small Business Week Ceremony in Washington, D.C. Today, Administrator Isabel Casillas Guzman, 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, recognized the 2023 T.H.R.I.V.E. Emerging Leaders Reimagined cohort winners in Seattle and North Metro Puerto Rico…

SBA: 2024 Growth Accelerator Fund Competition Stage One Winners Announced with Up to $3 Million in Prizes Awarded

Competition Opens Doors for Underserved Entrepreneurs in Key Science and Technology Industries 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 more than 33 million small businesses and startups, announced the 2024 Growth Accelerator Fund Competition (GAFC) Stage One winners. Each received $50,000 in prize awards…