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  • U.S. Small Business Administration Proposes Small Business Size Standard Revisions in Eight Industrial Sectors

    U.S. Small Business Administration Proposes Small Business Size Standard Revisions in Eight Industrial Sectors to Increase Small Business Eligibility for Contracting and Loan Programs | site |

    ​​​​​​

    Public Comments Due by Dec. 1



    (October 2, 2020) - - Today, October 2, 2020, the U.S. Small Business Administration published the following information: The U.S. Small Business Administration is seeking public comments on two proposed rules that would revise the small business size standards for businesses in eight North American Industrial Classification System (NAICS) sectors to increase small business eligibility for SBA’s loan and contracting programs. The NAICS sectors reviewed in the first proposed rule are: Agriculture, Forestry, Fishing, and Hunting; Mining, Quarrying, and Oil and Gas Extraction; Utilities; and Construction. The NAICS sectors reviewed in the second proposed rule are: Transportation and Warehousing; Informatio
    ...
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  • SBA Administrator Carranza Applauds President’s Efforts to Reduce Public Health Barriers and Protect America’s Small Businesses

    U.S. Small Business Administration Administrator Carranza Applauds President’s Efforts to Reduce Public Health Barriers and Protect America’s Small Businesses| site |




    (March 16, 2020) - - On March 13, 2020 the U.S. Small Business Administration (SBA) published the following information: WASHINGTON – SBA Administrator Jovita Carranza issued the following statement today in response to the President’s Declaration of a National Emergency: “The President’s decision to declare a national emergency represents another significant and very important step in reducing barriers to public health and protecting America’s 30 million small businesses from the threat posed by Coronavirus (COVID-19). The President’s declaration, coupled with the Administration’s unprecedented efforts to mobilize and involve the full force of the federal government and the private sector — including leaders in science, medicine, transportation, finance and business ...
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  • Jovita Carranza Sworn in as 26th U.S. Small Business Administration Administrator

    Jovita Carranza Sworn in as 26th U.S. Small Business Administration Administrator | site |




    Administrator Carranza: “Entrepreneurship is a powerful vehicle for economic mobility, particularly when it is supported by pro-growth policies”


    Ceremonial Swearing-in of SBA Administrator Jovita Carranza. (U.S. Government photo)

    (January 27, 2020) - - The U.S. Small Business Administration (SBA) released (today, January 27, 2020) the following information:

    WASHINGTON – Today, President Donald J. Trump and Vice President Mike Pence conducted the formal ceremonial swearing-in of Jovita Carranza, the 26th Administrator of the U.S. Small Business Administration. Administrator Carranza issued the following statement after her swearing-in ceremony: “It is truly the honor of a lifetime to lead the SBA. I would like to acknowledge the many family members, as...
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  • U.S. Small Business Administration Extends Comment Period for Consolidation of Mentor Protégé Programs

    U.S. Small Business Administration Extends Comment Period for Consolidation of Mentor Protégé Programs| site |



    Deadline to comment on the Proposed Rule is February 7, 2020


    (January 10, 2020) - - Today (January 10, 2020), the U.S. Small Business Administration (SBA) published the following information:

    WASHINGTON – The U.S. Small Business Administration is extending the comment period for the proposed rule in the Federal Register to consolidate its Mentor Protégé Programs an additional 21 days in response to the significant level of interest and requests from multiple stakeholders for an extension. The comment period has now been extended to Feb. 7, 2020.

    The SBA is proposing to merge the 8(a) Business Development (BD) Mentor-Protégé Program and the All Small Mentor-Protégé Program to eliminate confusion and remove unnecessary duplication of functions within the SBA. This proposed rule will:
    • Eliminate the requirement
    ...
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  • U.S. Securities and Exchange Commission Releases Report on 38th Annual Small Business Forum

    U.S. Securities and Exchange Commission Releases Report on 38th Annual Small Business Forum | site |



    (December 5, 2019) - - Today (December 5, 2019), the U.S. Securities and Exchange Commission (SEC) published the following information:

    The Securities and Exchange Commission today released a report on the 38th Annual Government-Business Forum on Small Business Capital Formation. The Forum is a unique event attended by SEC Commissioners and staff in which members of the public and private sectors gather to craft suggestions for securities policy impacting emerging businesses and their investors. The 2019 Forum was hosted in partnership with the Heider College of Business at Creighton University in Omaha, Nebraska, on Aug. 14, 2019, and marks the first year that the Forum was organized by the SEC’s new Office of the Advocate for Small Business Capital Formation. The report provides an executive summary of the Forum proceedings, the recommendations made by the
    ...
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  • U.S. Securities and Exchange Commission Releases Report on 38th Annual Small Business Forum

    U.S. Securities and Exchange Commission Releases Report on 38th Annual Small Business Forum | site |



    (December 5, 2019) - - Today, the U.S. Securities and Exchange Commission (SEC) published the following information:

    Washington D.C., Dec. 5, 2019 — The Securities and Exchange Commission today released a report on the 38th Annual Government-Business Forum on Small Business Capital Formation. The Forum is a unique event attended by SEC Commissioners and staff in which members of the public and private sectors gather to craft suggestions for securities policy impacting emerging businesses and their investors. The 2019 Forum was hosted in partnership with the Heider College of Business at Creighton University in Omaha, Nebraska, on Aug. 14, 2019, and marks the first year that the Forum was organized by the SEC’s new Office of the Advocate for Small Business Capital Formation. The report provides an executive summary of the Forum proceedings, the recomme
    ...
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  • U.S. Small Business Administration Issues Final Rule to Expand HUBZone Opportunities to Small Businesses and Revitalize Communities

    U.S. Small Business Administration Issues Final Rule to Expand HUBZone Opportunities to Small Businesses and Revitalize Communities | site |



    (November 26, 2019) - - Today, the U.S. Small Business Administration (SBA) published the following information:

    WASHINGTON – The U.S. Small Business Administration today issued a final rule that will implement changes to the Historically Underutilized Business Zone (HUBZone) program that will make the program more attractive to small businesses and encourage them to invest in HUBZone communities and hire HUBZone residents. The new rule changes will also make it easier for federal contracting officers to identify and work with HUBZone-certified small businesses. The rule is published in the Federal Register and effective December 26, 2019. "The exciting improvements outlined in this rule were designed to address longstanding uncertainty from both small businesses contemplating an investment in a designated
    ...
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  • U.S. Small Business Administration Kicks off National Veterans Small Business Week Nov. 5-9

    U.S. Small Business Administration Kicks off National Veterans Small Business Week Nov. 5-9


    Washington, DC - - (October 29, 2018) - - The U.S. Small Business Administration will celebrate the accomplishments of veteran, service member and military spouse small business owners nationwide during National Veterans Small Business Week, Nov. 5-9. “National Veterans Small Business Week is another opportunity for us not only to highlight the success of our nation’s 2.5 million veteran-owned businesses, but also to recognize the areas where there is still work to be done,” SBA Administrator Linda McMahon said. “Entrepreneurship is not a solo mission. I’m proud to be a part of a network that serves the needs of our veteran and military business owners.” SBA district offices and resource partners nationwide, as well as local organizations, will be hosting National Veterans Small Business Week eve...
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  • U.S. Department of Labor Announces Proposal to Help Small Businesses Strengthen Retirement Security for Millions of American Workers

    U.S. Department of Labor Announces Proposal to Help Small Businesses Strengthen Retirement Security for Millions of American Workers


    President Trump Seeks to Expand Access to Association Retirement Plans



    Washington, DC - - (October 22, 2018) - - The U.S. Department of Labor today announced a Notice of Proposed Rulemaking to help small businesses strengthen retirement security in America. The proposed rule would make it easier for small businesses to offer retirement savings plans to their workers through Association Retirement Plans, which would allow small businesses to band together to offer 401(k) plans to their employees. "President Donald J. Trump is moving to expand quality, affordable workplace retirement plan options for America's small businesses and their employees. Many small businesses would like to offer retirement benefits to their employees, but are disc...
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  • U.S. Small Business Administration Small Business Lending Momentum Continues in FY18

    U.S. Small Business Administration Small Business Lending Momentum Continues in FY18


    SBA FY18 total loan volume reaches more than $30 billion with more than 72,000 approved loans



    Washington, DC - - (October 15, 2018) - - The U.S. Small Business Administration (SBA) announced FY18 lending numbers showing that it guaranteed over $30 billion to small businesses that otherwise would not have had access to capital. “We are providing tools, resources and access to capital for America’s 30 million small businesses, and our FY18 numbers bear that out,” SBA Administrator Linda McMahon said. “SBA’s 7(a) and 504 loan programs have never been more dynamic, easy to use and accessible—helping small businesses succeed and thrive. Our loan programs in FY18 continue to show strong performance, and we believe the President’s tax cuts and deregulatory actions will help more s
    ...
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  • U.S. Department of Labor Announces New Compliance Assistance Tools To Assist New and Small Businesses

    U.S. Department of Labor Announces New Compliance Assistance Tools To Assist New and Small Businesses




    Washington, DC - - (October 17, 2018) - - The U.S. Department of Labor today announced the launch of the New and Small Business Assistance and the Compliance Assistance Toolkits webpages. These new online tools assist American small businesses and workers with simple, straightforward resources that provide critical Wage and Hour Division (WHD) information, as well as links to other resources. The webpages were established in response to feedback received from new and small business stakeholders voicing their need for a centralized location to secure the tools and information they need to comply with federal labor laws. These new webpages provide the most relevant publications and answer the questions most frequently asked by new and small business owners. These tools, in conjunction...
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  • U.S. Small Business Administration Head says President Trump’s Gift Underscores His Commitment to a Strong, Growing Economy

    U.S. Small Business Administration Head says President Trump’s Gift Underscores His Commitment to a Strong, Growing Economy




    Washington, DC - - (October 3, 2018) - - Today, Linda E. McMahon, head of the U.S. Small Business Administration (SBA), made the following statement upon receiving President Donald J. Trump’s salary donation to boost programs aimed at partnering with veterans and growing our nation’s workforce: “President Trump understands the needs of our nation’s small businesses, and he is committed to putting forward strong policies that promote meaningful and innovative economic growth. The SBA is proud to use this generous gift to further our programs that focus on partnering with small businesses, so they may confidently create or expand their business. Specifically, this gift will assist the SBA with creating a seven-month intensive entrepreneur training program for...
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  • Federal Deposit Insurance Corporation Releases Report on Small Business Lending Survey

    Federal Deposit Insurance Corporation Releases Report on Small Business Lending Survey




    (October 1, 2018) - - The Federal Deposit Insurance Corporation (FDIC) today published a report on the findings of its Small Business Lending Survey, which collected data on how banks conduct their lending to small businesses. The report found that banks of different sizes approach small business lending differently, but that, overall, relationships are important for both small and large banks. Small banks, defined in the report as those with assets of less than $10 billion, are more likely to focus on relationship-based practices to conduct small business lending. Large banks, those with assets of $10 billion or more, are more likely to rely on transaction-based methods. However, both small and large banks place importance on relationships with their small business borrowers, and small business le...
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  • Hurricane Florence Survivors Eligible for Small Business Administration Loan Deferments

    Hurricane Florence Survivors Eligible for Small Business Administration Loan Deferments



    Washington, DC - - (September 28, 2018) - - To further support Hurricane Florence recovery efforts, the U.S. Small Business Administration (SBA) will offer deferments of up to nine months on SBA-serviced loans held by eligible residents, businesses and private nonprofits.

    Borrowers located in a North or South Carolina county designated a federal disaster area after Hurricane Florence, with SBA loans in “regular servicing” status on Sept. 13, 2018, may request a deferment of principal and interest for up to nine months.

    Loans eligible for deferment include:
    • 7(a) Loans
    • 504 Loans
    • Community Advantage Loans
    • Microloans
    • SBA disaster loans for homeowners, renters, businesses of all sizes and private nonprofit organizations
    To request a deferment on non-disaster loans, contact...
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  • U.S. Small Business Administration Offers Disaster Assistance to Residents of North Carolina Affected by Hurricane Florence

    U.S. Small Business Administration Offers Disaster Assistance to Residents of North Carolina Affected by Hurricane Florence




    Washington, DC - - (September 15, 2018) - - U.S. Small Business Administration (SBA) Administrator Linda McMahon issued the following statement after the announcement of the Presidential disaster declaration for several counties in North Carolina affected by Hurricane Florence beginning Sept. 7, 2018 and continuing:

    “The U.S. Small Business Administration is strongly committed to providing North Carolina residents with the most effective response possible to assist businesses, homeowners and renters with federal disaster loans. Getting businesses and communities up and running after a disaster is our highest priority.” The disaster declaration covers Beaufort, Brunswick, Carteret, Craven, New Hanover, Onslow, Pamlico and Pender counties in
    ...
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  • Staff Reporter 1
    U.S. Small Business Administration Proposes Small Business Size Standard Revisions in Eight Industrial Sectors
    by Staff Reporter 1
    U.S. Small Business Administration Proposes Small Business Size Standard Revisions in Eight Industrial Sectors to Increase Small Business Eligibility for Contracting and Loan Programs | site |

    ​​​​​​

    Public Comments Due by Dec. 1



    (October 2, 2020) - - Today, October 2, 2020, the U.S. Small Business Administration published the following information: The U.S. Small Business Administration is seeking public comments on two proposed rules that would revise the small business size standards for businesses in eight North American Industrial Classification System (NAICS) sectors to increase small business eligibility for SBA’s loan and contracting programs. The NAICS sectors reviewed in the first proposed rule are: Agriculture, Forestry, Fishing, and Hunting; Mining, Quarrying, and Oil and Gas Extraction; Utilities; and Construction. The NAICS sectors reviewed in the second proposed rule are: Transportation and Warehousing; Informatio
    ...
    10-07-2020, 03:41 AM
  • Staff Reporter 1
    SBA Administrator Carranza Applauds President’s Efforts to Reduce Public Health Barriers and Protect America’s Small Businesses
    by Staff Reporter 1
    U.S. Small Business Administration Administrator Carranza Applauds President’s Efforts to Reduce Public Health Barriers and Protect America’s Small Businesses| site |




    (March 16, 2020) - - On March 13, 2020 the U.S. Small Business Administration (SBA) published the following information: WASHINGTON – SBA Administrator Jovita Carranza issued the following statement today in response to the President’s Declaration of a National Emergency: “The President’s decision to declare a national emergency represents another significant and very important step in reducing barriers to public health and protecting America’s 30 million small businesses from the threat posed by Coronavirus (COVID-19). The President’s declaration, coupled with the Administration’s unprecedented efforts to mobilize and involve the full force of the federal government and the private sector — including leaders in science, medicine, transportation, finance and business ...
    03-16-2020, 10:05 AM
  • Staff Reporter 1
    Jovita Carranza Sworn in as 26th U.S. Small Business Administration Administrator
    by Staff Reporter 1
    Jovita Carranza Sworn in as 26th U.S. Small Business Administration Administrator | site |




    Administrator Carranza: “Entrepreneurship is a powerful vehicle for economic mobility, particularly when it is supported by pro-growth policies”


    Ceremonial Swearing-in of SBA Administrator Jovita Carranza. (U.S. Government photo)

    (January 27, 2020) - - The U.S. Small Business Administration (SBA) released (today, January 27, 2020) the following information:

    WASHINGTON – Today, President Donald J. Trump and Vice President Mike Pence conducted the formal ceremonial swearing-in of Jovita Carranza, the 26th Administrator of the U.S. Small Business Administration. Administrator Carranza issued the following statement after her swearing-in ceremony: “It is truly the honor of a lifetime to lead the SBA. I would like to acknowledge the many family members, as...
    02-11-2020, 04:42 AM
  • Staff Reporter 1
    U.S. Small Business Administration Extends Comment Period for Consolidation of Mentor Protégé Programs
    by Staff Reporter 1
    U.S. Small Business Administration Extends Comment Period for Consolidation of Mentor Protégé Programs| site |



    Deadline to comment on the Proposed Rule is February 7, 2020


    (January 10, 2020) - - Today (January 10, 2020), the U.S. Small Business Administration (SBA) published the following information:

    WASHINGTON – The U.S. Small Business Administration is extending the comment period for the proposed rule in the Federal Register to consolidate its Mentor Protégé Programs an additional 21 days in response to the significant level of interest and requests from multiple stakeholders for an extension. The comment period has now been extended to Feb. 7, 2020.

    The SBA is proposing to merge the 8(a) Business Development (BD) Mentor-Protégé Program and the All Small Mentor-Protégé Program to eliminate confusion and remove unnecessary duplication of functions within the SBA. This proposed rule will:
    • Eliminate the requirement
    ...
    01-14-2020, 01:01 PM
  • Staff Reporter 1
    U.S. Securities and Exchange Commission Releases Report on 38th Annual Small Business Forum
    by Staff Reporter 1
    U.S. Securities and Exchange Commission Releases Report on 38th Annual Small Business Forum | site |



    (December 5, 2019) - - Today (December 5, 2019), the U.S. Securities and Exchange Commission (SEC) published the following information:

    The Securities and Exchange Commission today released a report on the 38th Annual Government-Business Forum on Small Business Capital Formation. The Forum is a unique event attended by SEC Commissioners and staff in which members of the public and private sectors gather to craft suggestions for securities policy impacting emerging businesses and their investors. The 2019 Forum was hosted in partnership with the Heider College of Business at Creighton University in Omaha, Nebraska, on Aug. 14, 2019, and marks the first year that the Forum was organized by the SEC’s new Office of the Advocate for Small Business Capital Formation. The report provides an executive summary of the Forum proceedings, the recommendations made by the
    ...
    12-13-2019, 04:16 AM

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