SBA says 4,800 small businesses lost access to $2.5 billion in loans as the shutdown halts key 7(a) and 504 programs.
The agency has announced controversial moves regarding its offices but also is hoping to grow two key lending programs. The Small Business Administration has made news in recent days for announcing ...
NEW YORK (AP) — The Small Business Administration’s most popular lending program could go on hold later this month if the agency reaches the statutory limit on the amount of loans it can back. Because ...
A combination of reduced loan fees, rising delinquencies and backlogged loan buybacks are plaguing the popular program. The Small Business Administration’s flagship 7(a) loan program lost hundreds of ...
President Trump's fiscal 2026 budget provides $35 billion of funding authority for the SBA's flagship 7(a) program. It would be the fourth consecutive year 7(a) funding authority was set at $35 ...
The United States Small Business Administration offers government-backed loans that help small- to mid-sized companies get the financing they need for various goals, whether they want to invest in ...
The Small Business Administration raised fees on its flagship 7(a) loan program in an effort to course correct after the program lost money for the first time in more than a decade. The move will no ...
A series of lending reforms was carried out under the Biden administration, which included reducing upfront guaranty fees and annual service fees paid by lenders. Usually, borrowers shoulder the ...
ST. PETERSBURG, Fla., Aug. 04, 2025 (GLOBE NEWSWIRE) -- BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or “Company”), parent company of BayFirst National Bank (“Bank”) today announced that as ...
WASHINGTON, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Today, the U.S. Small Business Administration (SBA) launched its first-ever loan program dedicated to supporting America’s small manufacturers, which ...
Sen. Katie Britt, R-Ala., left, and Kelly Loeffler during the Jan. 29 Senate hearing on Loeffler's nomination to lead the Small Business Administration. The Small Business Administration is freezing a ...
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