SBA: Full List of 2025 National Small Business Week Co-sponsors Announced
SCORE, the Nation’s Largest Network of Volunteer Business Mentors, Will Co-Host Virtual Summit Today, the U.S. Small Business Administration announced its cosponsors for the 2025 National Small Business Week, taking place May 4-10. SCORE, mentors to America’s small businesses and an SBA resource partner, will co-host this year’s National Small Business Week Virtual Summit, a free online event May…
SBA: Agency Highlights Range of New Measures to Stop Fraud
Reforms will end loans to illegal aliens, children, and deceased Today, the U.S. Small Business Administration (SBA) highlighted several new verification measures within its loan application process to strengthen protections against fraud and ensure its programs only benefit eligible American small business owners. The changes were implemented with the help of the Department of Government Efficiency (DOGE),…
Treasury: Action Taken to Unleash Financial Sector and Unburden Small Businesses through Elimination of Unnecessary, Duplicative, and Costly Regulations
Today, the U.S. Department of the Treasury (Treasury), including the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN), will take immediate action to eliminate 15 rules and guidance materials. This is in addition to two rules recently rescinded by the Office of the Comptroller of the Currency (OCC). The rules range from…
SBA: Actions Initiated to Reverse Biden-Era Mismangement of Core 7(a) Lending Program
Waiver of $460M in Lender Fees Undermined Integrity of Program for Small Businesses and Taxpayers Today, as part of the work to reverse the gross financial mismanagement of the prior Administration, the U.S. Small Business Administration (SBA) announced it has restored lender fees to its 7(a) loan program. Waiving lender fees was one of the Biden-era practices that…
Treaury: Publication of Interim Final Rule Announced Removing Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons
The Treasury Department announces today the formal publication of the Financial Crimes Enforcement Network (FinCEN) interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act and narrows the scope of the rule to foreign reporting companies. This publication in the Federal…
ABA: Bank Economists Note Credit Conditions to Soften for Consumers and Small Businesses Amid Heightened Economic Uncertainty
Credit conditions are expected to weaken modestly over the next six months as businesses and consumers adopt a more cautious outlook amid heightened uncertainty, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets…
ABA: Financial Trades Issue Joint Letter to Congress Stating that the Misguided Durbin-Marshall Bill will Harm Consumers, Small Businesses and Financial Institutions
In a new letter filed today, the American Bankers Association, America’s Credit Unions, Association of Military Banks of America, Bank Policy Institute, Consumer Bankers Association, Defense Credit Union Council, Independent Community Bankers of America, Electronic Payments Coalition, Mid-Size Bank Coalition of America and National Bankers Association warned that any legislative initiatives to expand the power of the…
SBA: Agency-Wide Reorganization Announced
SBA will restructure to eliminate wasteful spending, restore mission of empowering small businesses Today, pursuant to EO 14210(Link is external), the U.S. Small Business Administration (SBA) announced its plans for an agency-wide reorganization. To return to its founding mission of empowering small businesses, and to restore accountability to taxpayers, the agency will reduce its workforce by 43% –…
SBA: Dates Set for Free National Small Business Week Virtual Summit
Summit will feature educational workshops, networking opportunities and information about federal resources Today, the U.S. Small Business Administration and SCORE(Link is external), mentors to America’s small businesses and an SBA resource partner, set the dates for the 2025 National Small Business Week virtual summit. The free two-day online event will take place May 6 and 7 from 10 a.m. to…
SBA: 2025 National Small Business Week Program and Speciality Award Winners Announced
Administrator Loeffler to honor awardees at National Small Business Week ceremony in Washington, D.C. on May 5 Today, the U.S. Small Business Administration announced the national program and specialty award winners for SBA’s 2025 National Small Business Week, which will take place May 4-10, 2025. These awards recognize businesses and resource partners for their efforts in government contracting…