SBA: Legacy Businesses Recognized During SBA’s 70th Anniversary Celebration
Today, as part of the agency’s 70th anniversary celebration, SBA Administrator Isabella Casillas Guzman, the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, recognizes U.S. Small Business Administration(SBA) Legacy Businesses from our 68 district offices of which many recipients started small and leveraged SBA resources on their journey to becoming household names. Administrator Guzman…
SBA: $20 Million Dedicated to New Small Business Export Growth
Administrator Guzman Announces 2023 State Trade Expansion Program Awardees Today, Administrator Isabella 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 $20 million in grants awarded to 49 state and territory international trade agencies across the country as part of the SBA’s State Trade Expansion Program…
SBA: 14 Appointees Announced for the New Investment Capital Advisory Committee
The Committee Will Advise SBA in the Development of a More Inclusive and Accessible Ecosystem for Small Businesses Nationwide Today, Administrator Isabella 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 appointment of 14 members to the newly established federal Investment Capital Advisory Committee (ICAC)….
SBA: “Investing in America: Small Business Tools and Resources” Webinar Series Launched by SBA and the Public Private Strategies Institute
The U.S. Small Business Administration (SBA) formally announced today its “Investing in America: Small Business Tools and Resources” series, a new collaboration with Public Private Strategies Institute (PPSI) to expand public awareness of SBA’s programs, priorities, and initiatives that will empower business owners across the country, particularly those from underserved and disadvantaged communities. As part of…
SBA: $8 Million in PRIME Grants Awarded to Help Micro-Entrepreneurs
Grants will help 32 organizations with program development and provide training and technical assistance to improve access to capital for economically disadvantaged microentrepreneurs Today, Administrator Isabella 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 the awardees for the 2023 Program for Investment in…
SBA: Extension of Moratorium on 8(a) Eligibility Requirement Announced
A Bona Fide Place of Business moratorium will increase the opportunity for small and disadvantaged businesses to expand and grow their businesses Today, on her first day of a multi-city Alaska trip, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the extension of the 8(a) Business Development Bona Fide Place of Business (BFPOB) Requirement Moratorium through…
SBA: Interim Guidance Released for 8(a) Program Participants in Light of Recent Lower Court Ruling
Today, the U.S. Small Business Administration released interim guidance regarding the 8(a) Business Development Program in light of a United States District Court ruling in Ultima Servs. Corp. v. Dep’t of Ag. affecting the program’s determination of social disadvantage. The updated interim guidance for 8(a) Program participants and applicants can be found on the SBA’s website here. The SBA, in…
SBA: Implementation Announced for Transformational SBIC Program Reforms
Reforms of SBA’s Small Business Investment Company Address Gaps in Equity and Debt Financing for Underserved and Undercapitalized Small Businesses Effective August 17 Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA) Small Business Investment Company’s (SBIC) Diversification and Growth Final Rule is effective today. Under the new rule, which supports the Biden-Harris Administration’s economic and…
SBA: Small Business Loan Program Improvements Launched to Expand Access to Capital
Lending program improvements expand access to capital for small businesses and increases protection against fraud On August 1, the U.S. Small Business Administration (SBA) began implementing additional policies aimed at expanding small business access to capital by modernizing SBA’s signature 7(a) and 504 Loan Programs. Today’s loan program updates build on Administrator Isabella Casillas Guzman’s previous announcements that address…
SBA: U.S. Small Business Administration Marks 70th Anniversary
Federal Agency Highlights Its Legacy of Success in Supporting Millions of Small Businesses SBA Administrator Isabella Casillas Guzman issued the below statement ahead of the 70th anniversary of the U.S. Small Business Administration (SBA). The SBA was founded by President Dwight D. Eisenhower in 1953 when he signed the landmark “Small Business Act,” which established the…