Recent News About U.S. Small Business Administration

Big Business | Business


Biden-Harris Administration sees record-breaking surge in new business applications

President Joe Biden and SBA Administrator Isabel Casillas Guzman announced that over 20 million business applications have been filed during the Biden-Harris Administration.

SBA urges support for local businesses on Small Business Saturday

The U.S. Small Business Administration (SBA) is urging Americans to support local small businesses on Small Business Saturday, an event founded by American Express that celebrates its 15th anniversary in 2024.

SBA hosts annual summit to boost innovation through collaboration

The U.S. Small Business Administration (SBA) will host the 2024 Innovation Ecosystem Summit on November 14 and 15.

SBA's surety bond program achieves record success in fiscal year 2024

The U.S. Small Business Administration (SBA) has reported a significant achievement for its Surety Bond Guarantee (SBG) Program, marking its most successful year in 25 years during fiscal year 2024.

SBA announces record certifications; unveils streamlined process for FY25

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) announced a record number of federal contracting certifications for fiscal year 2024.

SBA highlights progress in supporting native small businesses during heritage month

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) marked the beginning of Native American Heritage Month by emphasizing the significant progress made in supporting Native small business owners nationwide.

SBA announces National Veterans Small Business Week events across U.S

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) announced the celebration of National Veterans Small Business Week (NVSBW), scheduled for November 11-15.

SBA reports record surge in small business financing under Biden-Harris administration

Vice President Kamala Harris and Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), announced a significant financial boost for small businesses and disaster-impacted communities in Fiscal Year 2024 (FY24).

SBA-DoD initiative boosts investment in critical technology areas

Today, the U.S. Small Business Administration (SBA) and the Department of Defense (DoD) marked a year of progress for the Small Business Investment Company Critical Technology Initiative (SBICCT). This initiative, a collaboration between the SBA and DoD, aims to increase private investment in technologies vital to national security and economic growth.

SBA launches annual cyber summit focusing on small business security

The U.S. Small Business Administration (SBA) commenced its third annual Small Business Cyber Summit on October 16, 2024, in Washington. The event aims to provide small business owners with free educational webinars and resources to enhance their cybersecurity infrastructure. These sessions are part of the Biden-Harris Administration's efforts to promote digital tools for economic growth while reinforcing national cybersecurity.

SBA pauses new disaster loan offers pending additional congressional funding

The U.S. Small Business Administration (SBA) has announced the depletion of funds for its disaster loan program, following a surge in demand due to Hurricane Helene. As a result, the SBA will pause new loan offers until Congress allocates additional funds. Despite this pause, individuals and small businesses are encouraged to continue applying for loans. Congressional leaders have assured that more funding will be provided when Congress reconvenes in November.

SBA urges Congress to replenish disaster loan funds amid Hurricane Helene impact

Following President Biden's letter to Congress concerning disaster relief needs for communities affected by Hurricane Helene, U.S. Small Business Administration (SBA) Administrator Isabel Casillas Guzman has called on Congress to replenish the SBA’s disaster loan program. The funds are crucial for small businesses, homeowners, renters, and non-profits impacted by disasters and are expected to run out before the end of October.

SBA allocates $9M in grants to support underserved communities

The U.S. Small Business Administration (SBA) has announced the distribution of $9 million in grants to 49 organizations across the United States. The initiative, part of the Federal and State Technology (FAST) Partnership Program, aims to assist underserved communities by providing specialized training, mentoring, and technical support for startups.

SBA expands regional innovation cluster network with 14 new awards

The U.S. Small Business Administration (SBA) has announced the addition of 14 new awards to its Regional Innovation Cluster (RIC) network. This expansion aims to support small businesses and entrepreneurial organizations nationwide, fostering innovation and job creation.

Deputy Administrator Syed discusses entrepreneurship in Boise

On October 1, Deputy Administrator Dilawar Syed of the U.S. Small Business Administration visited Boise, Idaho. His visit aimed to understand the local business environment and engage with entrepreneurs during Boise Entrepreneur Week.

Biden-Harris Administration announces measures to ease financial burdens on small businesses

Today, the Biden-Harris Administration announced a new rule aimed at reducing costs for small business owners. The U.S. Small Business Administration (SBA) Administrator Isabel Casillas Guzman revealed that the SBA 504 Loan Program will now allow easier refinancing of debt. This move is expected to help small businesses lower their debt payments and access more affordable capital for expansion or growth.

U.S. Small Business Administration announces National Veterans Small Business Week dates

The U.S. Small Business Administration (SBA) has announced the 11th annual National Veterans Small Business Week (NVSBW), scheduled to take place from November 11 to November 15. The event will feature both in-person and virtual events nationwide.

SBA Administrator visits Nebraska for tribal meetings during Hispanic Heritage Month

On Wednesday, September 25, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, traveled to Nebraska to mark Hispanic Heritage Month and meet with Tribal leaders. The discussions focused on the SBA’s efforts to support entrepreneurship and economic development in Native American communities.

SBA Deputy Administrator visits Michigan to discuss investments in infrastructure and manufacturing

On Tuesday, Sept. 25, SBA Deputy Administrator Dilawar Syed visited Jackson, Detroit, and surrounding areas to meet with local entrepreneurs and highlight the impact of investments by the Biden-Harris Administration in infrastructure, technology, and manufacturing. Since President Biden took office, more than 19.4 million founders have filed to start a business – including more than 528,000 in Michigan alone.

SBA announces $20M grant initiative for state agencies supporting small business exports

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) announced $20 million in State Trade Expansion Program (STEP) grants awarded to 43 state and territory international trade agencies. These grants aim to support small businesses in increasing their export volume and value. States can start soliciting applications from small businesses immediately, with funding available starting September 30.