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Biden Administration PPP Reform Fact Sheets
… Biden Administration PPP Reform Fact Sheets Building on a Month of Strong Results, Biden-Harris Administration Takes … Spanish Download Remove download button Off … Building on a Month of Strong Results, Biden-Harris Administration Takes … -
Biden Cabinet Member Joins Rep. Williams at Fort Hood
… National Guard and Reserve) and their spouses. “It was a pleasure to join Chairman Roger Williams at Fort Hood to … to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an … -
Biden Cabinet Member Travels to New Orleans for Essence Festival of Culture Business Summit
… In the morning, Administrator Guzman joined Ms. Tucker for a tour of one of her active project sites in the River … Essence Festival of Culture , where she participated in a fireside chat with Global Black Economic Forum President … President Biden, the number of Black households owning a business has more than doubled. For follow-up interview … -
Biden-Harris Administration Expands SBA Pilot Program Targeting Access to Capital for Underserved Entrepreneurs
… to the agency’s Community Advantage (CA) loan program, a key SBA tool for Community Development Financial … communities. “America’s mission-driven lenders have been a critical partner to the SBA in getting much-needed … pilot program will help us build on that momentum, create a broader distribution network and better ensure the … -
Biden-Harris Administration to Increase Loan Eligibility for Colorado Wildfires and Straight-Line Winds Survivors
… everything possible to help them rebuild.” “SBA conducted a thorough evaluation of the local building costs in Boulder … local code required building upgrades can also play a large factor in the costs to rebuild. SBA’s Processing … For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access … -
Biden-Harris Administration Announces Groundbreaking Partnerships to Connect Small and Disadvantaged Businesses to Infrastructure Programs
… To kick off the partnerships, the agencies are hosting a Business Forum at USDOT Headquarters today, September 20th. … Under Secretary Don R Cravins Jr. It also features a Business Matchmaking Session to help connect small … contracts to go to small and disadvantaged businesses – a major goal set by President Biden to help ensure the work … -
Biden-Harris Administration Announces Groundbreaking Joint Initiative to Drive Investment to Entrepreneurs Scaling Critical and Emerging Technologies
… (SBA) and the U.S. Department of Defense (DoD) announced a new joint effort to establish the Small Business Investment … Defense Forum in Simi Valley, California, where they held a joint letter signing event, announcing this groundbreaking … delighted that OSC’s first official activity will be a partnership with the Small Business Administration,” said … -
Biden-Harris Administration to Begin Accepting Applications on January 9 for SBA Veteran Small Business Certification Program
… Secretary of Veterans Affairs. “Certification is a critical part of that process, and I encourage all eligible … eligibility in the women-owned small business (WOSB) and 8(a) programs. · Creating a more business-friendly approach … ownership and control requirements across the VetCert, 8(a), and WOSB programs. All changes to the certification … -
Biden-Harris Administration Announces Cross-Country Latino Prosperity Tour
… across the nation. While Latinos generate nearly $2.8 trillion in economic activity, studies show that a significant opportunity gap persists due to … Guzman. "For the Latino community, entrepreneurship is a pathway to prosperity, to successful community outcomes, … -
Biden-Harris Administration to Expand Support for Veteran Small Business Owners
… grow their businesses and advance our economy.” “VBOCs are a one-stop shop for business training, counseling, and … and military spouses interested in starting or growing a small business,” said Timothy Green , Acting Associate … receiving grants from the SBA have demonstrated a commitment to addressing challenges that veteran-owned … -
Biden-Harris Administration Announces New Development and Improvements on Loan Program Modernization to Expand Access to Capital for Small Businesses
… will help ensure more borrowers can get funded through a broader network of lenders so they can help build a strengthened American economy that innovates, manufactures … economic progress – over 12.7 million jobs created and a small business boom of 10.5 million new business … -
Biden-Harris Administration to Launch New Initiative to Increase Federal Contracting with Small Disadvantaged Businesses
… the U.S. General Services Administration (GSA) , announced a joint effort, known as the 8(a) MAS Pool Initiative, to help small disadvantaged businesses (SDBs) participating in the 8(a) Business Development Program gain access to more federal … -
Biden-Harris Administration Introduces New Entrepreneurship Training Course for Military Spouses
… the U.S. Small Business Administration (SBA) launched a new business training program tailored to military spouses … pathways to entrepreneurial success to ensure they can be a part of the small business boom that has helped spur job … throughout the calendar year. Military spouses with a strong business idea or considering entrepreneurship are … -
Biden-Harris Administration to Establish Reforms to Transform Public-Private Investment Program
… the U.S. Small Business Administration (SBA) finalized a rule to modernize the Small Business Investment Company … need for long-duration and equity funds: Introduces a new debenture instrument to the program portfolio called … assets under management (AUM). Last year, SBICs invested $8 billion in more than 1,500 companies, which created and … -
Biden-Harris Administration Sets Record-Breaking $163 Billion in Federal Procurement Opportunities to Small Businesses
… to small businesses. This historic level amounts to a $162.9 billion investment in the small business economy – an $8.7 billion increase from the previous fiscal year. Ten … with federal agencies to promote maximum utilization of 8(a) certified SDBs to ensure equitable access to contracting … -
Biden-Harris Administration Launches Small Business Loan Program Improvements to Expand Access to Capital Starting today, August 1
… access to capital by modernizing SBA’s signature 7(a) and 504 Loan Programs. Today’s loan program updates build … ability to access funding to start up and grow through a broader network of lenders with streamlined lender … and procedures, lender participation requirements, and 7(a) loan servicing and liquidation requirements. For example, … -
Biden-Harris Administration Announces Record $3 Billion in Lending to Latino-Owned Small Businesses
… $3 billion in lending. “Our country is experiencing a small business boom driven significantly by the … share of the SBA’s lending portfolio rose from under 8 percent to over 12 percent. SBA 7(a) & 504 Loans to … $1,643 $2,811 $2,591 $3,006 Share (% of loans) 8.2% 8.4% 9.0% 7.8% 8.4% 10.0% 12.2% Under the … -
Biden-Harris Administration Expands Access to Capital for Underserved Small Businesses Through Mission-Based Lenders
… its mission-lending Community Advantage Program as a result of its recent rule changes and the launch of 143 … Companies (CA SBLCs), giving these mission-based lenders a permanent home in SBA lending to continue serving small … to continue SBA lending, collectively representing 99.8% of the original CA Pilot Program’s lending portfolio, … -
Biden-Harris Administration Announces Significant Increase in Lending to Black-Owned Small Businesses
… businesses doubling since President Biden took office – a testament to the entrepreneurial spirit of Black Americans … be done to expand opportunity and make the American dream a reality for all.” In a tightening credit environment, the SBA’s lending programs …