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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
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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
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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 … -
Biden-Harris Administration Takes Historic Step in Expanding Access to Capital and Filling Lending Gaps in Underserved Communities
… years, Arkansas Capital Corporation has used the SBA 7(a) program to support small businesses in underserved areas … but now with this SBLC license, we can widen our SBA 7(a) footprint as well, expanding our services to rural and … is excited to expand our lending across the country for 7(a) Small Loans under $500,000, by providing creditworthy … -
The Biden-Harris Administration Is Helping American Women Entrepreneurs Achieve Global Success
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Biden-Harris Administration Awards Record-Breaking $178 Billion in Federal Procurement Opportunities to Small Businesses
… in the small business economy – an increase of $15.7 billion from the previous fiscal year – and supports more … contract readiness. This revitalization of the popular 7(j) Management and Technical Assistance program includes … -
Biden-Harris Administration Announces New Rule to Increase Economic Opportunity for Returning Citizens
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Biden-Harris Administration Announces New Actions and Resources to Advance Clean Energy Economy
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Biden-Harris Administration Launches Working Capital Pilot Program
… more than 33 million small businesses, announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured line of credit, made by 7(a) lenders and backed by the SBA, designed to give greater … in a higher interest rate environment, by adding the 7(a) Working Capital Pilot Program to our suite of loan … -
Biden-Harris Small Business Boom Continues with Historic 18 Million New Business Applications Filed
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Biden-Harris Administration Opens SBA Loan Programs to New Green Lenders to Help Small Businesses Meet Climate Goals
… Advantage (CA), the mission-driven component of the 7(a) Loan Program, by increasing the maximum loan amount and … applications to become a CDC on a rolling basis. The 7(a) Loan Program, through a Community Advantage Small … will be available shortly in the Federal Register. The 7(a) Loan Program, through a traditional Small Business … -
Biden-Harris Administration Finalizes Rule to Lower Costs for Small Businesses
… borrowing costs for small businesses. In the SBA’s 7(a) Loan Program , the agency’s other flagship capital … into approximately $360,000,000 in yearly savings for 7(a) borrowers. As President Biden said earlier this month, … debt, either an existing SBA loan or other debt, using a 7(a) Loan. Small businesses that borrowed over the last year … -
Biden-Harris Administration Awards Record-Breaking $183B in Federal Contracts to Small Businesses, Marking Fourth Consecutive Year of Growth
… $(B) FY20 % Asian American $8.55 1.34% $9.00 1.43% $7.50 1.22% $6.96 1.23% $6.89 1.23% Subcontinent Asian …