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Statement from SBA Administrator McMahon
… staff worked around the clock to approve more than $7 billion in low-interest loans to help small businesses and … -
Statement of SBA Administrator Maria Contreras-Sweet at U.S. Senate Committee on Small Business & Entrepreneurship Hearing
… Business and Entrepreneurship Committee hearing on SBA’s 7(a) Loan Guaranty program: “SBA-backed loans support small … consecutive years. SBA’s default rate on 7(a) loans is 1.47 percent, the lowest since we started tracking this rate … 32 percent to veterans, 75 percent to African-Americans, 50 percent to Hispanics, 30 percent to Asian Americans and … -
Statement by SBA Administrator Maria Contreras-Sweet on Small Business Committee Hearing
… levels for small business lending under our flagship 7(a) program. We reached $23.5 billion dollars in gross … difficulty accessing capital. The dollar value of our 7(a) loans was up 22 percent to women, 23 percent to … under our SBIC program. We grew our portfolio by 10 percent to a record $25 billion. For FY16 we continue to … -
Statement from Administrator Mills on Urging Continued Support for Small Businesses’ Recovery Loan Programs
… across the country. They have also brought more than 1,300 lenders back to SBA’s loan programs, increasing the … including $375 million to increase the SBA guarantee on 7(a) loans to 90 percent and to reduce borrower fees on most … regarding efforts to ensure continued f... Article ID 10-32 Release Date August 24, 2016 Article Type Archived news … -
Statement from Administrator Mills on Continuing Support for Small Businesses through SBA Recovery Programs
… since February 2009. Through ARRA we brought nearly 1,100 lending institutions back to the SBA’s programs that … million appropriation approved in December to extend SBA’s 7(a) loan guarantee to 90 percent and reduce or eliminate borrower fees on both the 7(a) and 504 loans will be used faster than expected. Loan … -
Statement from Secretary Steven T. Mnuchin and Administrator Jovita Carranza on the Success of the Paycheck Protection Program
… on April 3, PPP provided payroll assistance to more than 1.6 million small businesses in all 50 states and territories. Nearly 5,000 lenders participated … 60% of the loans were approved by banks with $10 billion of assets or less. No lender accounted for more … -
Statement by Secretary Mnuchin and Administrator Carranza on the Paycheck Protection Program and Economic Injury Disaster Loan Program
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Statement by Secretary Mnuchin and Administrator Carranza on the Paycheck Protection Program and Economic Injury Disaster Loan Program
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Statement by Administrator Guzman on President Biden’s U.S. Small Business Administration Appointees
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Statement by Administrator Guzman Applauding President Biden’s Appointees to Lead SBA Regional Offices
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Statement by Administrator Guzman on SBA-Proposed Reforms to Increase Equity in Federal Buying
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Statement by Administrator Guzman Applauding President Biden’s New Appointees to the U.S. Small Business Administration
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Statement by Administrator Guzman Applauding President Biden’s Appointee to Lead SBA’s South Central Region
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Statement by Administrator Guzman Applauding President Biden’s New Appointees to the U.S. Small Business Administration
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Statement by Administrator Guzman Applauding President Biden’s Appointees to Lead Two SBA Regions
… the SBA’s regional leadership is now in place for nine of 10 regions and will guide offices across 44 states, three … -
Statement by SBA Administrator Guzman Observing Black History Month 2022
… www.sba.gov . Article ID 22-07 Release Date February 1, 2022 Article Type Archived news release U.S. Small … -
Statement by Administrator Guzman Applauding Biden-Harris Administration’s Whole of Government Approach to Strengthen America’s Supply Chains
… new Regional Innovation Clusters (RICs) awards totaling $1.5 million to expand the national network to 12 SBA-funded … -
Statement by SBA Administrator Guzman Observing Women’s History Month 2022
… visit www.sba.gov . Article ID 22-14 Release Date March 1, 2022 Article Type Archived news release U.S. Small … -
Statement by SBA Administrator Guzman on President Biden’s State of the Union Address