Articles from U.S. Small Business Administration

New MySBA Experience Builds on SBA’s Efforts to Transform Customers’ Experiences with the Agency via Innovative Digital Tools

New Community Advantage Small Business Lending Companies Bring More Funding to Main Street and Rural America

Biden-Harris Administration’s SBA grew lending, revenue growth opportunities, and knowledge networks

Funding Establishes First WBC in the U.S. Virgin Islands, Adds Support for 17 Existing WBCs and Specific Grants for Childcare Enterprises and Government Contracting

In-person visits with local officials, affected residents and business owners underscore federal government’s commitment and resources for assistance

Low-Interest, Long-Term SBA Loans Are Available to Business Owners, Homeowners, and Renters Impacted by the Federally Declared Disaster

$4.6B increase over FY23 and $29B increase from FY21 reflects Biden-Harris Administration’s efforts to expand access to federal contracting; New online tools – MySBA Certifications and GovCon Match – advance work to help small businesses boost revenue and growth via federal contracts

Administrator Guzman to Travel to Southern California to Assess Needs

Biden-Harris Administration quickly deploying resources to assist all those impacted by horrific attack

Four New Small Business Lending Companies Authorized to Support America’s Entrepreneurs in Underserved Communities

Four New Small Business Lending Companies Authorized to Support America’s Entrepreneurs in Underserved Communities

SBA can now confirm loan offers to over 21,000 qualified disaster loan applicants waiting for financial assistance to recover

Entrepreneur Support Organizations Will Compete in Two Stages for $75,000 to $150,000; 2025 Application Opens Jan. 8, 2025

Administrator Guzman Launches SBA’s AI for Small Businesses Resource Hub, Participates in Summit Fireside Chat

WASHINGTON, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Today, the U.S. Small Business Administration (SBA) announced that the upcoming quarterly meeting for the Interagency Task Force (IATF) on Veterans Small Business Development will be Wednesday, Dec. 11. This meeting is open to the public.

Campaign Builds on Small Business Saturday® Momentum, Encourages Shopping Small All Holiday Season Long

New Native American Trade Expansion Program Pilot Award to Help Expand Exporting Opportunities to Native American-Owned Small Businesses

Entrepreneurs Have Applied to Start More Businesses in the Last Four Years than Any Four-Year Period on Record

This Year’s Theme — Gift Big, Shop Local™ — Encourages Shoppers to Support Local Small Businesses Throughout the Holiday Season

Virtual Summit Will Empower America’s Innovation Ecosystem Builders and Entrepreneurs to Propel Advancements and Growth in STEM-based Technology Startups and High-Growth Small Businesses

Agency Announces Top-Performing Surety Partners, Bonding Agencies

Under Biden-Harris Administration SBA Support for Native Entrepreneurs Has Surged

From Nov. 11-15, the Agency Will Host In-Person and Virtual Events, Recognize Five Boots to Business Instructors of the Year

MySBA Certifications Website Goes Live to Expand Number of Federal Small Contractors as Agency Proposes Updated ‘Rule of Two’ to Increase Small Contracting Opportunities

Dramatic FY24 Growth Driven by Small-Dollar 7(a) Loans and Loans to Women, Black, and Latino Entrepreneurs

More Than a Dozen Private Funds to Invest $2.8 Billion in Over 1,000 Critical Technology Startups and Small Businesses

Keynote Speaker Administrator Guzman and Deputy Administrator Syed Discussed Cyber Threats to Small Businesses

Disaster Survivors in Need of Loans Should Continue to Apply While SBA Awaits Additional Funding

WASHINGTON -, Oct. 05, 2024 (GLOBE NEWSWIRE) -- Following President Biden’s letter to Congress regarding disaster relief needs to support communities devastated by Hurricane Helene, U.S. Small Business Administration (SBA) Administrator Isabel Casillas Guzman is urging Congress to replenish the SBA’s vital disaster loan program for impacted small businesses, homeowners, renters, and non-profits before funds become depleted, which is likely to occur before the end of October.

WASHINGTON -, Oct. 04, 2024 (GLOBE NEWSWIRE) -- 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 that the SBA has issued 49 grants up to $200,000 each to organizations supporting startups through specialized training, mentoring, and technical assistance under the Federal and State Technology (FAST) Partnership Program.

Awardees Will Serve as Hubs for Local Economies in BioTech, Cybersecurity, Smart Manufacturing, and Agriculture

After Interest Rate Cuts Generate Automatic Savings for Hundreds of Thousands of SBA Borrowers, 504 Program Changes Will Lower Costs Further for More Small Businesses

WASHINGTON, Sept. 30, 2024 (GLOBE NEWSWIRE) -- 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 that the SBA will celebrate National Veterans Small Business Week (NVSBW) from Nov. 11 to Nov. 15. The 11th annual weeklong celebration will offer both in-person and virtual events across the nation.

43 State Trade Expansion Program Awardees to Provide Financial Support for Trade Missions and Training

MOU Builds on President Biden and Prime Minister Modi’s Priority of Empowering Entrepreneurs in the Global Marketplace

WASHINGTON, Aug. 19, 2024 (GLOBE NEWSWIRE) -- 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 the exemplary achievements, triumphs, contributions, and resilience of SBA-assisted individuals and businesses that help to drive the American economy.“From corner shops to innovation hubs, American entrepreneurs create jobs, invent and provide crucial products and services to their communities, and help define the neighborhoods they serve,” said Administrator Guzman. “The SBA is proud to celebrate National Small Business Week each year to lift up the best of that American entrepreneurial spirit and recognize the many essential contributions all of our small businesses make to our nation.”To nominate a small business owner in your area and download related forms, criteria, and guidelines, visit sba.gov/nsbw. All nominations must be submitted electronically by 4 p.m. ET on Dec. 5, 2024. National awards will be presented during the NSBW awards ceremony in Washington, D.C., on May 4- 5, 2025. The SBA’s signature award during NSBW is the Small Business Person of the Year. A business owner from each of the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and Guam is selected for individual State SBPOTY winner awards and the state award winners will compete for the 2025 National Small Business Person of the Year title. Nominations will be accepted for the following award categories:

WASHINGTON, Aug. 14, 2024 (GLOBE NEWSWIRE) -- 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 new business applications under the Biden-Harris Administration.

New Agreement Formalizes Collaboration on Nationwide Trainings

New Agreement Formalizes Collaboration on Nationwide Trainings

Administrator Guzman joined Ambassador Tai for Engagements with AANHPI Leaders, Visit to Local Mexican Market

Program Expands Small Businesses’ Access to Credit Lines That Create Jobs, Spur Sales and Growth

28 Grants Will Support Training, Program Development to Increase Access to Capital and Grow Businesses

Application for $350,000 Award Closes Aug. 15

Resource To Help Small Businesses Stay Operational Before, During, and After a Disaster

MySBA Certifications Will Give Small Business Owners Enhanced Digital Experience to Apply for and Manage Federal Contracting Certifications

WASHINGTON, July 29, 2024 (GLOBE NEWSWIRE) -- 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 fees for FY25 for 7(a) and 504 loan program participating lenders. For the 2nd year in a row, SBA will not charge upfront fees for loans $1,000,000 or less for both 7(a) and 504 loans.

Administrator Guzman, Senator Markey Announce New Program to Help Raise Capital for Small Businesses Leading the Clean Energy Transition

Initiative will Advance Clean Energy Transition Across the Nation

Native American Trade Expansion Program to Provide Up to $240,000 in Grants

State Government Agencies Will Apply Funds to Provide Critical Training to Combat Cyber Threats

Bluestone Investment Partners Receives License to Invest in Small Businesses Critical to U.S. National Security

Regional Innovation Clusters Will Increase Startup and Small Business Participation in U.S. Supply Chain

Organizations to Provide Critical Training and Counseling for Startups and Existing Small Businesses

First Event June 17 in Detroit

Administrator Guzman Will Deliver Remarks, Lead Child Care Roundtable at Opportunity Finance Network’s Small Business Finance Forum

More Business Applications Filed Under President Biden than Any President in American History

Bona Fide Place of Business Moratorium Extension Until Sept. 30, 2025, Will Increase the Opportunity for SDBs to Grow Their Businesses

Under the Biden-Harris Administration, SBA Has Expanded WBCs to Over 150 Nationwide in All 50 States, Washington, D.C., and Puerto Rico

Pilot Program Expands Small Businesses’ Access to Credit Lines That Create Jobs, Spur Sales and Growth

WASHINGTON, May 29, 2024 (GLOBE NEWSWIRE) -- Today the U.S. Small Business Administration (SBA) announced that the next pair of quarterly public meetings for the Interagency Task Force (IATF) on Veterans Small Business Development and the Advisory Committee on Veterans Business Affairs (ACVBA) will take place on June 5-6.

Agency Will Receive Award at Event on May 20

White House Officials, Members of Congress Join SBA Administrator Guzman for Roundtable

WASHINGTON, May 10, 2024 (GLOBE NEWSWIRE) -- 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 $300,000 in funding for three organizations to deliver the SBA’s Women Veteran Entrepreneurship Training Program (WVETP) to local veterans.

New SBA Rule Will Make it Easier for Returning Citizens to Start and Run a Business, Creating Economic Opportunity and Reducing Recidivism

During NSBW, SBA Administrator Guzman Joins White House Officials to Highlight FY23 Federal Procurement

Washington State Cleaning Company Founder Saluted as Runner-Up

10 Federal Agencies Earn A+ in SBA’s Annual Scorecard Released During National Small Business Week

Competition Opens Doors for Underserved Entrepreneurs in Key Science and Technology Industries

Cohorts from Puerto Rico and Seattle Will Be Honored at the National Small Business Week Ceremony in Washington, D.C.

Attendees Can Participate in Educational Workshops, Network, and Learn about Federal Resources

SBA Statement on Biden-Harris Administration Exceeding Small Disadvantaged Business Contracting Goal Biden-Harris Administration Set Ambitious 15% SDB Goal by FY2025

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- On Friday, April 12, 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 Brooklyn, N.Y., to visit a local, immigrant-owned small business. The business, one of the most popular Latin eateries in the five boroughs, got started with SBA support.

Hub Details Billions of Dollars in Grants, Contracts, and Market Opportunities

Small Business Boom Continues Amid Record Job Creation, Cooling Inflation

Awardees from Connecticut and Pennsylvania to be Honored During National Small Business Week Ceremony in Washington, DC