Recent News About U.S. Small Business Administration
By Business Daily | Oct 15, 2024
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.
By Business Daily | Oct 5, 2024
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.
By Business Daily | Oct 4, 2024
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.
By Business Daily | Oct 3, 2024
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.
By Business Daily | Oct 2, 2024
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.
By Business Daily | Sep 30, 2024
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.
By Business Daily | Sep 30, 2024
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.
By Business Daily | Sep 26, 2024
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.
By Business Daily | Sep 26, 2024
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.
By Business Daily | Sep 25, 2024
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.
By Business Daily | Sep 25, 2024
The U.S. Small Business Administration (SBA) has announced the winners of the 2024 Growth Accelerator Fund Competition (GAFC) Stage Two. Administrator Isabel Casillas Guzman, head of the SBA and a member of President Biden’s Cabinet, revealed that 44 accelerator partnerships have received awards ranging from $50,000 to $150,000 each. These funds aim to support small businesses and startups in STEM and research and development across key areas such as national and economic security, domestic manufacturing and production, sustainability, and biotechnology.
By Business Daily | Sep 23, 2024
The U.S. Small Business Administration (SBA) announced it will cohost two events this fall in Washington, D.C., and Florida as part of the 2024 National ChallengeHER road tour. The initiative, organized alongside Women Impacting Public Policy (WIPP) and American Express (AMEX), aims to bring more women-owned firms into the federal government’s supply chain.
By Business Daily | Sep 20, 2024
This month, 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, is encouraging small businesses to take proactive steps to safeguard their operations from potential natural disasters. This year’s theme is “Prepare Now, Recover Faster.”
By Business Daily | Sep 20, 2024
Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, announced today that three new recipients will receive $3 million in funding through the SBA’s Cybersecurity for Small Business Pilot Program. The grantees for fiscal years 2024 through 2026 are Dakota State University, Eastern Washington University, and the University of Texas at San Antonio. These institutions will assist small businesses in enhancing their cybersecurity infrastructure and mitigating cyber threats.
By Business Daily | Sep 19, 2024
Ava Dejoie Cates selected as regional administrator for SBA Region 6
By Business Daily | Sep 16, 2024
Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) and Federal Trade Commission (FTC) Chair Lina Khan convened to discuss strategies for enhancing small business competitiveness. The discussion, held in Washington, aimed at ensuring equitable market opportunities for small businesses under the Biden-Harris Administration.
By Business Daily | Sep 16, 2024
Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, issued a statement celebrating the start of National Hispanic Heritage Month.
By Business Daily | Sep 13, 2024
Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, convened a hearing with federal leaders and small business owners. The focus was on enhancing small businesses' ability to compete for federal contracts, particularly regarding the impact of joint ventures (JV) on small business participation in Multiple Award Task Order Contracts (MATOCs).
By Business Daily | Sep 11, 2024
The U.S. Small Business Administration (SBA) announced today that the Delaware Small Business Development Center (SBDC) has been awarded a $350,000 prize to develop and implement a national Cyber Certification Program for SBA resource partners. The initiative will leverage industry best practices to offer cybersecurity tools and training to small businesses through a hybrid course curriculum that includes webinars, workshops, knowledge-based assessments, certification requirements, and ongoing continuing education tracking key performance indicators over two years.
By Business Daily | Sep 10, 2024
Administrator Guzman Opens Application Window for Lenders Filling Gaps in Credit Markets
