The 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.
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.
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.
On June 16, the Senate Small Business Committee approved the nomination of Dilawar Syed to serve as SBA's deputy administrator.
On June 1, SBA Administrator Isabel Guzman issued a statement on the closure of the PPP to new loan guaranty applications.
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.
The Shuttered Venue Operators Grant (SVOG) program was supposed to begin accepting applications on April 8, but has been stalled due to technical glitches. The SBA announced the application portal reopened on Saturday, April 24.
On Wednesday, March 24, the U.S. Small Business Administration announced a series of reforms to the COVID-19 Economic Injury Disaster Loan program.
On March 22, Isabel Guzman was sworn in as SBA's Administrator by VP Kamala Harris.
On March 16, the Senate voted 81-17 to approve NSBA-endorsed Isabel Guzman for Administrator of the SBA.
