Recent News About U.S. Small Business Administration
By Business Daily | Jun 12, 2024
On Thursday, June 13, 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 33 million small businesses, will travel to Chicago, Illinois. The visit is set to coincide with the Opportunity Finance Network’s (OFN) Small Business Finance Forum and Pride Month celebrations while also marking the start of the SBA’s Small Business Boom tour.
By Business Daily | Jun 11, 2024
WASHINGTON – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), announced four funding opportunities for Women’s Business Centers (WBCs) totaling $30 million. This initiative includes support for the expansion of the WBC network, the establishment of a WBC in the U.S. Virgin Islands, and specialized funding for WBCs focusing on federal contracting and child care businesses.
By Business Daily | Jun 7, 2024
SACRAMENTO, Calif. – Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration (SBA), today reminded Washington small nonfarm businesses in Clallam, Grays Harbor, Island, Jefferson, Kitsap, and Mason counties of the July 8, 2024 deadline to apply for an SBA federal disaster loan for economic injury. These low-interest loans aim to offset economic losses due to reduced revenues caused by drought in Clallam and Jefferson counties that began on September 12, 2023.
By Business Daily | Jun 6, 2024
WASHINGTON – 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 33 million small businesses, announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured line of credit, made by 7(a) lenders and backed by the SBA, designed to give greater flexibility than a traditional term loan.
By Business Daily | May 31, 2024
On Friday, May 31, 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 33 million small businesses, concluded Asian American and Native Hawaiian/Pacific Islander (AANHPI) Heritage Month with visits to two AANHPI-owned small businesses in Washington, D.C. The visits aimed to highlight how the President’s Investing in America economic agenda is uplifting AANHPI entrepreneurs.
By Business Daily | May 30, 2024
WASHINGTON – 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 33 million small businesses, announced that the agency has removed its 504 Loan Program’s cap on lending for clean energy projects as part of broader SBA and Biden-Harris Administration efforts to usher in the nation’s clean energy future.
By Business Daily | May 29, 2024
On May 29, 2024, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet representing America's more than 33 million small businesses, visited New York City. Accompanied by Congresswoman Grace Meng, Guzman aimed to highlight how the Biden-Harris Administration’s economic agenda is fostering entrepreneurship among diverse communities.
By Business Daily | May 16, 2024
The U.S. Small Business Administration (SBA) announced today that it has been ranked seventh among the top 10 best midsize agencies to work in the federal government in 2023. The SBA's score rose slightly from 76.6 in 2022 to 76.9 this year.
By Business Daily | May 15, 2024
On Friday, May 17, Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) and Senator Bob Casey will visit Kane, Pennsylvania. The visit is part of the Biden-Harris Administration's Investing in Rural America Tour. As the head of the SBA and a representative voice for America's over 33 million small businesses in President Biden’s Cabinet, Guzman's tour aims to connect with local small business owners and economic development leaders.
By Business Daily | May 14, 2024
On Tuesday, May 14, Isabel Casillas Guzman, the SBA Administrator, conducted a roundtable with Asian American, Native Hawaiian, and Pacific Islander (AANHPI) business leaders. The meeting was organized to celebrate AANHPI Heritage Month and to discuss ways in which the Biden-Harris Administration can further support entrepreneurship within the AANHPI community.
By Business Daily | May 10, 2024
Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and representative for America's over 33 million small businesses in President Biden’s Cabinet, announced today a $300,000 funding allocation to three organizations. These funds are intended to deliver the SBA’s Women Veteran Entrepreneurship Training Program (WVETP) to local veterans.
By Business Daily | May 1, 2024
In an effort to increase economic opportunities for returning citizens, the Biden-Harris Administration has implemented a new rule aimed at removing barriers that have long hindered individuals with criminal histories from accessing small business loans. The rule, finalized by Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA), will allow more returning citizens, including those on parole and probation, to be eligible for SBA-backed loans to start or grow their businesses.SBA Administrator Guzman emphasized the significance of this rule...
By Business Daily | Apr 30, 2024
WASHINGTON – SBA Administrator Isabel Casillas Guzman led a roundtable at the White House to mark the beginning of the 2024 National Small Business Week. The event aimed to announce the release of the SBA’s Fiscal Year 2023 Procurement Scorecard and showcase the Biden-Harris Administration's dedication to supporting small businesses since taking office.Administrator Guzman, alongside National Economic Council Director Lael Brainard and White House Domestic Policy Advisor Neera Tanden, highlighted the achievements in small business contracting. The SBA Administrator...
By Business Daily | Apr 29, 2024
WASHINGTON – 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 33 million small businesses, named Iam C. Tucker of Integrated Logistical Support, Inc. (ILSI) in Louisiana as the National Small Business Person of the Year for 2024 at the National Small Business Week (NSBW) awards ceremony in Washington, D.C.Administrator Guzman expressed her admiration for the winner, stating, "The SBA is proud to recognize 2024 National Small Business Person of the Year Iam...
By Business Daily | Apr 29, 2024
WASHINGTON – The Biden-Harris Administration has set a new milestone by awarding a record-breaking $178.6 billion in federal procurement opportunities to small businesses, exceeding the Fiscal Year 2023 small business contracting goal of 23%. This achievement was highlighted by SBA Administrator Isabel Casillas Guzman during a roundtable discussion to mark National Small Business Week.Administrator Guzman emphasized the administration's commitment to supporting small businesses, stating, "Through President Biden’s Investing in America agenda, we have championed...
By Business Daily | Apr 24, 2024
SBA Administrator Isabel Casillas Guzman is set to launch National Small Business Week (NSBW) events in Washington, D.C. on April 28-29. The event will bring together the 2024 Award Winners, individuals who exemplify the resilience and determination driving the nation's economy.During the event, the Small Business Administration (SBA) will honor various stakeholders for their contributions to entrepreneurial development, federal contracting, lending, disaster recovery, and more. Administrator Guzman stated, "The press is invited to attend all events and must RSVP......
By Business Daily | Apr 23, 2024
Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), announced the recognition of the 2023 T.H.R.I.V.E. Emerging Leaders Reimagined cohort winners in Seattle and North Metro Puerto Rico. Guzman emphasized the Biden-Harris Administration's commitment to supporting small businesses through initiatives like the T.H.R.I.V.E. program, stating, "T.H.R.I.V.E. trainers play a crucial role in developing a robust network of trusted advisors and peer support networks across the country."The T.H.R.I.V.E. program, which stands for Train. Hope....
By Business Daily | Apr 23, 2024
The U.S. Small Business Administration (SBA) has announced the winners of the 2024 Growth Accelerator Fund Competition (GAFC) Stage One, with each recipient receiving $50,000 in prize awards. Administrator Isabel Casillas Guzman highlighted the significance of these winners in fostering innovation and supporting small businesses, stating, "SBA’s Growth Accelerator Fund Competition Stage One winners join the SBA’s incredible network of entrepreneurial support organizations contributing to America’s innovative startup ecosystem."The competition focused on three theme areas:...
By Business Daily | Apr 18, 2024
WASHINGTON –Today, the U.S. Small Business Administration (SBA) and SCORE, mentors to America’s small businesses and a resource partner of the SBA, announced the schedule for the 2024 National Small Business Week Virtual Summit. The two-day online event, co-hosted by the SBA and SCORE, will take place from April 30 to May 1. Attendance is free of charge, but registration is required. To register, visit National Small Business Week Virtual Summit registration.This year’s National Small Business Week’s theme – “Building on the Small Business Boom” –celebrates the surge in...
SBA Statement on Biden-Harris Administration Exceeding Small Disadvantaged Business Contracting Goal
By Business Daily | Apr 12, 2024
Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), praised President Biden's administration for surpassing the annual goal for federal contracting dollars awarded to Small Disadvantaged Businesses (SDBs) in FY2023. Guzman stated, "Today’s announcement shows the results, with a new record of contract spending with Small Disadvantaged Businesses and steady progress towards President Biden’s goal of awarding 15% of federal contracting dollars to Small Disadvantaged Businesses by FY2025."In response to President Biden's call to...
