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Biden Administration PPP Reform Fact Sheets
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Biden Cabinet Member Joins Rep. Williams at Fort Hood
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Biden Cabinet Member Travels to New Orleans for Essence Festival of Culture Business Summit
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Biden-Harris Administration Expands SBA Pilot Program Targeting Access to Capital for Underserved Entrepreneurs
… number of lenders will be allowed to access the SBA’s 7(a) government- guaranteed loan program at lending levels up … intermediaries focused on economic development, access to 7(a) loan guarantees previously for loans of only $250,000 or … best avenue to allow mission-driven lenders to access SBA 7(a) loans. The SBA’s goals for the Community Advantage … -
Biden-Harris Administration to Increase Loan Eligibility for Colorado Wildfires and Straight-Line Winds Survivors
… and straight‑line winds that occurred Dec. 30, 2021 - Jan. 7, 2022. “Boulder County property owners were hit extremely … hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Completed … -
Biden-Harris Administration Announces Groundbreaking Partnerships to Connect Small and Disadvantaged Businesses to Infrastructure Programs
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Biden-Harris Administration Announces Groundbreaking Joint Initiative to Drive Investment to Entrepreneurs Scaling Critical and Emerging Technologies
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Biden-Harris Administration to Begin Accepting Applications on January 9 for SBA Veteran Small Business Certification Program
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Biden-Harris Administration Announces Cross-Country Latino Prosperity Tour
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Biden-Harris Administration to Expand Support for Veteran Small Business Owners
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Biden-Harris Administration Announces New Development and Improvements on Loan Program Modernization to Expand Access to Capital for Small Businesses
… has paved the way for historic economic progress – over 12.7 million jobs created and a small business boom of 10.5 … intelligence tools for fraud review on all loans in the 7(a) and 504 Loan Programs prior to approval, starting August … of filling capital gaps in underserved communities. The 7(a) and 504 loan programs are the most popular loan programs … -
Biden-Harris Administration to Launch New Initiative to Increase Federal Contracting with Small Disadvantaged Businesses
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Biden-Harris Administration Introduces New Entrepreneurship Training Course for Military Spouses
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Biden-Harris Administration to Establish Reforms to Transform Public-Private Investment Program
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Biden-Harris Administration Sets Record-Breaking $163 Billion in Federal Procurement Opportunities to Small Businesses
… billion investment in the small business economy – an $8.7 billion increase from the previous fiscal year. Ten federal … %SB Small Business 23% $120.8 25.1% $132.9 26.5% $145.7 26.0% $154.2 27.2% $162.9 26.5% Small Disadvantaged Business 5% $46.5 9.7% $51.6 10.3% $59.0 10.5% $62.4 11.0% $69.9 11.4% … -
Biden-Harris Administration Launches Small Business Loan Program Improvements to Expand Access to Capital Starting today, August 1
… business access to capital by modernizing SBA’s signature 7(a) and 504 Loan Programs. Today’s loan program updates … and procedures, lender participation requirements, and 7(a) loan servicing and liquidation requirements. For … Advantage. These lenders are securing permanency in the 7(a) Loan Program by becoming Community Advantage Small … -
Biden-Harris Administration Announces Record $3 Billion in Lending to Latino-Owned Small Businesses
… backed by the federal government. The SBA backed more than 7,700 SBA loans to Latino-owned small businesses in Fiscal Year 2023 through the agency’s signature 7(a) and 504 loan programs, double the number in Fiscal Year … rose from under 8 percent to over 12 percent. SBA 7(a) & 504 Loans to Latino-owned businesses FY 2017 FY … -
Biden-Harris Administration Expands Access to Capital for Underserved Small Businesses Through Mission-Based Lenders
… Small Business Lending Company (CA-SBLC) licenses in the 7(a) Loan Program ensures that mission lenders, like CDFIs, … to capital by providing mission-oriented lenders access to 7(a) loans. The Pilot Program will sunset on October 31, … -
Biden-Harris Administration Announces Significant Increase in Lending to Black-Owned Small Businesses
… in Fiscal Year 2023 through the agency’s signature 7(a) and 504 loan programs, well over double the number in … of the SBA’s lending portfolio rose from 3.5 percent to 7.6 percent. SBA 7(a) & 504 Loans to Black-owned businesses FY 2017 FY 2018 FY …