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FACT SHEET: SBA small-dollar lending and lending to historically underrepresented entrepreneurs increases under Biden-Harris Administration

SBA has tripled lending to Black-owned businesses while doubling small-dollar lending and lending to Latino-and women-owned small businesses

The Biden-Harris Administration has made it a priority to support entrepreneurs and small businesses, with Americans taking steps to file a record 19 million new business applications under this Administration.

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Last updated August 14, 2024