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Follow-up Inspection of SBA’s Internal Controls to Prevent COVID-19 EIDLs to Ineligible Applicants
… Follow-up Inspection of SBA’s Internal Controls to Prevent COVID-19 EIDLs to Ineligible Applicants This report presents our follow-up inspection to assess the SBA’s enhanced internal controls to prevent … -
2022 Arkansas Minority-Owned Small Business of the Year: Latrobe, LLC
… & CEO of Latrobe, LLC states that her life’s motto is “To whom much is given, much is required.” She surmises that … focused on assisting local manufacturers and fabricators to compete globally by using existing machining capacity more … demand fields. This strategic move helped the business secure subsequent contracts and grow their reputation. The … -
Statement by SBA Administrator Guzman on President’s Fiscal Year 2024 Budget
… for Fiscal Year 2024. The Budget details a blueprint to grow the economy from the bottom up and middle out, lower … deep belief in realizing opportunities for all to achieve and live the American dream of business … those in underserved communities — are still struggling to recover. That’s why this budget is so essential to … -
Morgantown Small Business uses Paycheck Protection Program bring back Employees
… Employees Jordon Masters, owner of MicroGenesis - Grown to Matter, was faced with tough decisions to make when the COVID-19 pandemic struck in March, 2020. As … Coach and Huntington National Bank in Morgantown to secure the Paycheck Protection Program (PPP) under the CARES … -
Speller's Hardware Benefits from Lincoln Savings Bank PPP Loan
… hardware needs in a timely fashion. The Spellers turned to their lender at Lincoln Savings Bank to secure an SBA-backed Paycheck Protection Program (PPP) … -
Readout of Historic Latino Cabinet Member Panel
… Cabinet and their work in the Biden-Harris Administration to uplift the Hispanic community through the Investing in … Administrator Guzman discussed how the SBA is working to advance equity across the small business landscape, including by increasing access to capital, government contracting, grants, and other … -
SBA’s Corrective Actions to Improve Controls Over 7(a) Loans Sold on the Secondary Market
… SBA’s Corrective Actions to Improve Controls Over 7(a) Loans Sold on the Secondary … of our verification inspection on SBA’s Corrective Actions to Improve Controls Over 7(a) Loans Sold on the Secondary … is authorized under Section 7(a) of the Small Business Act to provide financial assistance to small businesses in the … -
SBA Announces 15 Appointees to New Invention, Innovation, and Entrepreneurship Federal Advisory Committee
… SBA Announces 15 Appointees to New Invention, Innovation, and Entrepreneurship Federal … Biden’s Cabinet, announced the appointment of 15 members to the newly established Invention, Innovation, and … (IIEAC). The advisory committee’s main objective is to promote, expand, and strengthen the innovation ecosystem, … -
SBA Expands Reach of Regional Innovation Cluster Network With Four New Awards
… million small businesses, announced four contract awards to small businesses and entrepreneur support organization … partners, expanding the SBA’s Regional Innovation Clusters to 16 hubs nationwide. SBA’s Regional Innovation Cluster Initiative launched in September 2010 to promote and support clusters, which are geographically … -
Pioneering Architectural Firm Grows into a New Space by Means of an SBA-Backed Loan
… new CEO & Chairperson. Under her leadership growth led to the company needing larger space, but it needed financing to make a move. Sandra Madison turned to the SBA for help in securing new space: in 2018 the … -
SBA Business Recovery Centers to Close Permanently in Illinois
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Sydor Optics uses STEP to Step up its International Sales
… Sydor Optics uses STEP to Step up its International Sales For three generations, … in 1997, Sydor acquired a new facility in Rochester, NY to support its growing business and in the early in the 2000’s, Sydor continued to expand reaching customers outside the United States. … -
TOMORROW: SBA Administrator Guzman to Visit Las Vegas with Vice President Harris, Second Gentleman Emhoff
… TOMORROW: SBA Administrator Guzman to Visit Las Vegas with Vice President Harris, Second … Harris and Second Gentleman Douglas Emhoff in Las Vegas to highlight the Biden-Harris Administration’s commitment to … justice system culinary and soft skills to help them secure employment. There, the leaders will discuss a … -
Readout of SBA Administrator Guzman’s Visit to Las Vegas with Vice President Harris, Second Gentleman Emhoff
… Readout of SBA Administrator Guzman’s Visit to Las Vegas with Vice President Harris, Second Gentleman … America’s more than 33 million small businesses, traveled to Las Vegas with Vice President Kamala Harris and Second … justice system culinary and soft skills to help them secure employment. At The Chef Jeff Project, the leaders … -
Music Stand Manufacturer Grows Business in China and Europe Thanks to U.S. Commercial Service and SBA Grant Funding
… Manufacturer Grows Business in China and Europe Thanks to U.S. Commercial Service and SBA Grant Funding Manhasset … founded in 1935. Their unique accessories are designed to last longer than their competitor’s products. In 2018, … interested in finding international distribution partners to grow sales in China and Europe. The U.S. Commercial … -
Tacoma Firm Finds Growth Through Government Contracting
… in the restaurant and retail industries, Farrow was able to leverage extensive business management experience to secure an SBA 7(a) loan and become ATC’s new owner and … -
SBA Congratulates the 2024 Phoenix Award Winners for Outstanding Disaster Recovery Efforts
… Administration (SBA) extends its congratulations to the winner of the 2024 Phoenix Award for Outstanding Contributions to Disaster Recovery by a Public Official, Dirk Guidry. Your … assistance program by opening new paths for governors to secure recovery resources and working with local leaders to … -
SBA Congratulates the 2024 Phoenix Award Winner for Outstanding Disaster Recovery Efforts
… Business Administration (SBA) extends its congratulations to the winner of the 2024 Phoenix Awards for Outstanding … assistance program by opening new paths for governors to secure recovery resources and working with local leaders … -
Tradition and Service are Part of the Many Folds in the Fabric of an Oregon Community
… Origami Catering in Ashland, Oregon and moved the business to a tiny 250 square foot kitchen in southeast Portland in … known as the “Godfather of Sushi” in Seattle, Casey hoped to combine his understanding of traditional Japanese cuisine … Despite his qualifications as a chef, Casey was unable to secure the needed financing as few traditional lenders would …