Reconciliation: SBA Aid & Investment
September 15, 2021On September 9, the House Small Business Committee approved $25 billion in small-business aid over the next decade in its portion of the $3.5 trillion tax and spending legislation.
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Small Business Committee Advances New Bills
August 10, 2021On July 29, the House Committee on Small Business held a hybrid markup of legislation to amend the Small Business Act and the Small Business Investment Act. All seven bills passed out of the committee with bipartisan support.
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PPP Forgiveness Portal Open
August 10, 2021Last week, the U.S. Small Business Administration opened a new application portal for direct Paycheck Protection Program (PPP) forgiveness. The portal allows borrowers to apply for forgiveness directly with SBA, which will streamline forgiveness applications for over 6.5 million businesses. The initiative is only for loans of $150,000 or less,...
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Feds Exceed Small Biz Contracting Goal
August 2, 2021The SBA announced that the federal government exceeded its small business contracting goal. For FY20, small businesses received $145.7 billion in federal contract dollars, a $13 billion increase from the previous year.
READ MORE Update on SBA Loan Forgiveness
July 28, 2021Later this week, the SBA will push to accelerate the end of the PPP by making it easier for businesses to get their loans forgiven by launching a loan forgiveness portal.
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NSBA Member Williams Testifies Before the House Small Business Committee
June 17, 2021On June 15, the House Small Business Committee held a hearing on “Reversing the Decline in Women Entrepreneurship: Opportunities for Rebuilding the Economy.” Tammy Williams, the President and CEO of Envision2bWell Inc, a NSBA member, testified.
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SBA Statement on PPP Closure
June 8, 2021On June 1, SBA Administrator Isabel Guzman issued a statement on the closure of the PPP to new loan guaranty applications.
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Restaurant Revitalization Fund is Open
May 6, 2021The SBA on Monday launched a new $28.6 billion restaurant grant program to provide a lifeline to one of the industries hardest-hit by the pandemic.
READ MORE PPP Runs Out of Money
May 5, 2021The SBA announced yesterday that the PPP has run out of money, weeks ahead of its expiration date at the end of May, underscoring the ongoing need for the program.
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Restaurant Revitalization Fund Opens May 3
April 28, 2021The Biden administration is looking to launch the new $28.6 billion restaurant grant program on May 3. The Restaurant Revitalization Fund will provide a lifeline to one of the industries hardest-hit by the pandemic.
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