Small Business

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…

SBA: Veterans Small Business Advisory Committees to Host Virtual Public Meetings on December 6th and 7th

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 U.S. Small Business Administration (SBA) Interagency Task Force (IATF) on Veterans Small Business Development and the SBA Advisory Committee on Veterans Business Affairs (ACVBA) will hold their next set of public…

SBA: Progress in Small Business Lending Announced with End-of-Year Capital Program Numbers

Agency has increased number and dollar amount of loans across several small business capital programs Today, ahead of the biggest shopping day of the year, U.S. Small Business Administrator Isabel Casillas Guzmanannounced that the SBA delivered $50 billion in capital, disaster relief, and bonding to small businesses and disaster-impacted communities across America in Fiscal Year 2023 (FY23). Under the Biden-Harris…

SBA: Adminstrator Guzman Encourages Shopping Small on November 25th for Small Business Saturday

SBA 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, is encouraging the nation to shop, dine, and entertain at local small businesses on November 25 in celebration of Small Business Saturday® and throughout the holiday season. Small Business Saturday is…

SBA: Historic Step Taken to Expand Access to Capital and Fill Lending Gaps in Underserved Communities through the SBLC Program

New Licenses Mark Milestone Achievement in Biden-Harris Administration Efforts to Increase Access to Capital Today, Administrator Isabel 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 SBA has granted three new Small Business Lending Company (SBLC) licenses to lenders focused…

SBA: Boots to Business Instructors of the Year Announced to Recognize Those Who Help Set Up Veteran-Owned Small Businesses for Success

Five Award Recipients Will be Recognized During National Veterans Small Business Week, Oct. 30 to Nov. 3 Today, the U.S. Small Business Administration (SBA) named five recipients as “Boots to Business (B2B) Instructor of the Year” award winners. SBA representatives and its partner networks receive feedback about Boots to Business instructors throughout the year and honor those…

Census Bureau: New Data on Minority-Owned, Veteran-Owned and Women-Owned Businesses Released

The U.S. Census Bureau today released new estimates on the characteristics of employer businesses. According to the 2022 Annual Business Survey (ABS), which covers reference year 2021, there were approximately 5.9 million employer firms in total, of which, 1.2  million (21%) were minority-owned, 304,823 (5.2%) were veteran-owned, and around 1.3 million (22%) were owned by women. This release also…

SBA: Anniversary of Women’s Business Ownership Act Celebrated and FY Lending to Women-Owned Businesses Announced

SBA-Backed Loans to Women-Owned Small Businesses are Up 70% Under Biden-Harris Administration Today, Administrator Isabel 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, celebrated the 35th anniversary of Women’s Business Ownership Act of 1988 (H.R. 5050) by announcing new data showing SBA-backed…