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The Latest Breaking News from The Small Business Administration

Former US Sen. Kelly Loeffler Nominated As SBA Administrator

Former US Sen. Kelly Loeffler appointed by President-elect Trump as Administrator of the Small Business Administration, emphasizing support for small busin...

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Trump Education Department Nominee Resigned from Education Board After Falsely Claiming She Had a Degree in Education

Trump's nominee for Secretary of Education faces criticism over a past false claim about holding an education degree.

Latin Times

How much does Trump education pick Linda McMahon actually know about education?

Trump stunned educators by unveiling Linda McMahon as his choice to run the Department of Education

The Independent UK

Trump Taps Wrestling Executive To Run Education Department

Donald Trump announced Linda McMahon, the co-founder of World Wrestling Entertainment (WWE), as his pick to be education secretary.

International Business Times

Trump nominates wrestling billionaire Linda McMahon as education secretary

The billionaire former WWE CEO served as the head of the Small Business Administration from 2017 to 2019

The Independent UK

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Abolish the Small Business Administration

Like all government perks, SBA lending creates unseen victims.

Reason

Veterans face challenges starting small businesses but there are plenty of resources to help

Many veterans who’ve started small businesses tell a similar story: Their military service prepared them mentally for the task, but they were at a disadvantage when it came to the financial part

The Independent UK

Small business disaster loan program is out of money until Congress approves new funds

The Small Business Administration has run out of money for its disaster assistance loans, delaying much needed relief for people applying for aid in the wake of the destruction caused by Hurricanes Helene and Milton

The Independent UK

Small business disaster loan program said to be in danger of running out of funds by end of month

The Small Business Administration could run out of money to fund disaster loans in the wake of Hurricane Helene’s devastation

The Independent UK

The Small Business Administration expands clean energy loan program

The Small Business Administration is looking to attract lenders to finance small businesses' clean energy projects

The Independent UK

What is a US small business? One owner explains

Small businesses are difficult to define – and even more difficult to run – but here’s what I’ve learned as a small business owner

The Guardian - US

Black-owned businesses overcoming challenges and achieving success with support

Discover the significant contributions of Black-owned businesses in the US, their success factors, challenges, and the support they receive. Learn how tech...

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The Independent UK

Former Florida lawmaker who sponsored 'Don't Say Gay' sentenced to prison for COVID-19 relief fraud

The former Florida lawmaker who sponsored the controversial law critics call “Don’t Say Gay” will serve six-months in federal prison for defrauding a federal coronavirus loan program for small businesses

Fortune

Government shutdown would have ‘serious consequences for our economy’ by halting $163 billion in federal contracts to small businesses

A government shutdown on Saturday would close the Small Business Administration, leaving small businesses that depend on it in limbo.

Reason

District Court Strikes Down Race Preference in USDA's and SBA's Contracting Schemes

From Judge Clifton Corker's opinion today in Ultima Servs. Corp. v. U.S. Dep't of Agric. (E.D. Tenn.) [UPDATE: link fixed]: This case concerns whether, under the Fifth Amendment's guarantee of equal protection, Defendants the United States' Department of Agriculture ("USDA") and the Small Business Administration ("SBA") may use a "rebuttable…

Reason

Scammers Stole $200 Billion From Two Federal COVID Aid Programs

A new audit says one out of every $6 distributed by the Small Business Administration during the pandemic was stolen.

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WEKU

Federal watchdog says over $200 billion in pandemic business loans look fraudulent

The Inspector General of the Small Business Administration has released a "landscape of fraud" report highlighting why 17% of PPP and other loans appear bogus

WEKU

Over $200 billion in pandemic business loans appear to be fraudulent, a watchdog says

The Office of Inspector General of the Small Business Administration has released a "landscape of fraud" report highlighting why 17% of PPP and other loans appear bogus.

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