Small Business

SBA: Empower to Grow Announced, a Revitalization of the 7(j) Training Program to Enhance Small Disadvantaged Business Contract Readiness

Improvements to 7(j) Training Program Comes as SBA Releases New Data Showing Increase in Contracting Dollars for Small Disadvantaged Businesses 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 a slate of major improvements to the implementation of the…

SBA: America’s Seed Fund Week and Road Tour Announced

Nationwide Events Connect Entrepreneurs With SBIR/STTR Funding Agencies That Support Cutting-Edge Technology Development Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s more than 33 million small businesses in President Biden’s Cabinet, kicked off America’s Seed Fund Weekwith remarks highlighting the upcoming 2024 Seed Fund Road Tour as well as the…

SBA: One-Year Anniversary of Veteran Small Business Certification Program Marked

VetCert Program Approved More than 10,000 Applications Averaging 15-Day Processing Times Today, the U.S. Small Business Administration (SBA) marks the one-year anniversary of the agency accepting applications through the Veteran Small Business Certification (VetCert) program, the SBA’s primary certification vehicle to expand federal contracting opportunities for all Veteran-Owned Small Businesses (VOSBs) and Service-Disabled Veteran-Owned Small Businesses (SDVOSBs). This effort is…

SBA: Growth Accelerator Fund Competition Opened January 8th to Expand and Strengthen the National Innovation Ecosystem

Organizations will compete in two stages for $50,000 to $200,000 in prizes; SBA to award up to $3 Million in Stage One Prizes 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 opening of the 2024 Growth…

SBA: Further Action Announced to Help PPP and COVID EIDL Borrowers

SBA Introduces 60-Day Goodwill Exception Period, Expands Hardship Accommodation Plans The U.S. Small Business Administration (SBA) has announced expanded flexibility and accommodations for COVID EIDL and PPP borrowers to help bring them into compliance and avoid the repercussions of defaulting on a government loan. For COVID EIDL and PPP borrowers with loans under $100,000, the SBA has…

Federal Bank Regulatory Agencies Release 2022 Small Business, Small Farm, and Community Development Lending Data

The federal bank regulatory agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), today released data on small business, small farm, and community development lending during 2022. The Community Reinvestment Act regulations require the agencies to annually disclose these data. The FFIEC also prepared aggregate disclosure statements of small business and small farm…

SBA: America’s Seed Fund Road Tours Coming to 16 States and Territories to Engage Entrepreneurs Creating Cutting-Edge Technologies

Road Tours Connect Innovators to over $4B in Federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Grant and Contract Opportunities Today, the U.S. Small Business Administration (SBA)announced it will launch a live road tour connecting entrepreneurs developing advanced technologies to America’s Seed Fund, the country’s largest source of early-stage federal funding through the Small…

SBA: Third Annual Innovation Ecosystem Summit Convenes December 13-14

Virtual Event Aims to Build a Thriving National Innovation Ecosystem that Promotes Equitable Access to Capital and Resources for Innovators 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 33 million small businesses, announced that the third annual Innovation Ecosystem Summit will be held on December 13-14. The Summit…

SBA: 2023 Surety Companies and Agencies Rankings Announced

 Today, the U.S. Small Business Administration announced its most active surety companies and agencies for fiscal year 2023. The SBA’s Surety Bond Guarantee (SBG) Program allows small businesses to receive critical backing to compete for major federal, state, and local contracts. In fiscal year 2023, with the assistance of the SBG Program and its surety and bonding…

SBA: First-Ever Season of Small Business Campaign Announced

Campaign builds on small business boom under Biden-Harris Administration, encourages Americans to shop small throughout the holiday season 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 33 million small businesses, announced the SBA’s first-ever Season of Small Business campaign. Under President Biden’s leadership, there has been a small…