Stimulus to Target In-Person Service Businesses
January 12, 2022Discussion began in mid-December among a group of Senate lawmakers on providing another round of COVID-19 stimulus spending focused primarily on businesses who rely on in-person services such as restaurants, performance venues, gyms, and other entertainment venues. The early-stage talks led by Sens. Ben Cardin (D-Md.) and Roger Wicker (R-Miss.)...
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SBA Proposal to Modify Size Standards
November 17, 2021The SBA issued a proposal to modify two of the methods the organization uses to qualify which businesses classify as small businesses for government contracts and SBA loan and investment programs.
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Small Business Legislation Update
November 4, 2021The House recently passed several small-business bills, including the Guidance Clarity Act, with bipartisan support.
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7(a) Fee Waivers Coming to an End
September 29, 2021Despite some confusion over the past week, SBA has announced that CARES Act-related fee waivers are currently still in effect--however they will end by Sept. 30.
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SEC Report on Small Business Forum
September 29, 2021Recently, the SEC's Office of the Advocate for Small Business Capital Formation delivered a report to Congress which includes various policy recommendations.
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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.
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