Small Business

SBA: Cyber Prize Competition Winner Selected

Delaware SBDC To Receive $350K for Outstanding Leadership in Cybersecurity Planning for Small 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 34 million small businesses, announced(Link is external) (video) that the Delaware Small Business Development Center (SBDC) has been selected to receive a $350,000 prize to…

SBA: Application Window Opens for Lenders to Fill Gaps in Credit Markets

Nonbank Licenses Will Enable SBA Loan Guarantees to Spur Lending in Underserved Communities and for Green Investments 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 34 million small businesses, opened applications for non-traditional lenders to secure an SBA Small Business Lending Company (SBLC)…

EDA: $800,000 Invested to Capitalize a Revolving Loan Fund to Support Small Businesses in Northwest Oregon

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Columbia-Pacific Economic Development District, St. Helens, Oregon, to capitalize a Revolving Loan Fund (RLF) to bolster small business development and expansion. This grant will provide access to capital as gap financing to enable small businesses to grow and…

EDA: $600,000 Invested to Capitalize a Revolving Loan Fund to Support Small Businesses in Los Angeles County, CA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to PACE Finance Corporation, Los Angeles, California, to capitalize a Revolving Loan Fund (RLF) to bolster small business development and expansion.  This grant will provide access to capital as gap financing to enable small businesses to grow and generate new…

SBA: FTC Chair and SBA Administrator to Hold Fireside Chat on September 12th

Federal Regulations Promote Fair Competition and Aim to Benefit Small 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 34 million small businesses, and Federal Trade Commission Chair Lina Khan(Link is external), head of the U.S. Federal Trade Commission (FTC), will meet for a fireside chat…

SBA: Veterans Small Business Advisory Committees to Host Public Quarterly Meetings on September 10th and 12th

Today, the U.S. Small Business Administration (SBA) announced that the upcoming quarterly public meetings for the Interagency Task Force (IATF) on Veterans Small Business Development and the Advisory Committee on Veterans Business Affairs (ACVBA) will be held on Sept. 10 and 12, respectively. “The grit that defines veterans’ commitment to our nation makes them ideally suited for…

SBA: $1 Million Announced for Grant Awardees to Expand Resources for Veteran Entrepreneurs

Ohio, Pennsylvania, and Puerto Rico-based Grantees to Offer New Veterans Business Outreach Centers 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 34 million small businesses, announced more than $1 million in grant awards(Link is external) to three organizations in Ohio, Pennsylvania, and Puerto Rico. The…

SBA: Third Annual Small Business Cyber Summit Scheduled for Cybersecurity Awareness Month

Summit Aligns with the Biden-Harris Administration’s Cybersecurity Strategy, Will Rally Cyber Nerds and Business Moguls to Protect Entrepreneurs from Escalating Attacks Today, the U.S. Small Business Administration (SBA)(Link is external) announced that it will host its leading Small Business Cyber Summit on October 16 and 23. The free cybersecurity series builds on the Biden-Harris Administration’s National Cybersecurity Strategy(Link is…

SBA: Nominations Open for 2025 National Small Business Week Awards

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 34 million small businesses, opened nominations (video) for the 2025 National Small Business Week (NSBW) Awards. For more than 60 years the SBA has been uplifting small businesses in America, and the annual NSBW awards recognize…

SBA: Small Dollar Lending and Lending To Underserved Entrepreneurs Continues to Rise as Record 19 Million New Business Applications Filed Since 2021

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 34 million small businesses, announced the Biden-Harris Administration has tripled SBA lending to Black-owned businesses while doubling small-dollar lending and lending to Latino- and women-owned small businesses. The new data comes as the United States reaches a record 19 million(Link…