Reconciliation: SBA Aid & Investment

September 15, 2021

On 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, 2021

On 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, 2021

Last 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, 2021

The 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.

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Update on SBA Loan Forgiveness

July 28, 2021

Later 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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PPP Runs Out of Money

May 5, 2021

The 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, 2021

The 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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