New Report Reveals Historic Surge in Small Business Financing Under Biden-Harris Administration
… businesses. In FY 2024, across its signature 7(a) and 504 loan programs, the SBA backed: 5,200 loans for $1.5 billion to Black-owned businesses , a tripling of loan count relative to FY20. 9,600 loans for $3.3 billion to Latino-owned businesses , reflecting a loan count 2.5 times greater than in FY20. 15,500 loans for …