FILE - The U.S. Small Business Administration logo is shown on the agency website on Tuesday, June 25, 2024 in New York. .For the first time since 2008, the SBA distributed more than 100,000 financings to small businesses, up 22% from fiscal 2023 and 50% over 2020.
“As every entrepreneur knows, capital is critical," said SBA Administrator Isabel Casillas Guzman. “Through loans, investments, and surety bond guarantees, the SBA has helped power the small businesses that have in turn powered America’s unparalleled economic recovery from the COVID-19 crisis.”
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Small Business Administration-backed financing rose 7% to $56B in fiscal 2024The Small Business Administration said it backed $56 billion in financing to small businesses and disaster-affected areas during the fiscal year ending Sept. 30, up 7% from a year prior.
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Exclusive—Alfredo Ortiz: Transform the Small Business Administration into the Department of Main Street CommerceSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
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Small Business Administration’s disaster fund tapped out after Helene and MiltonPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
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Small Business Administration runs out of funding for disaster relief loans after hurricanes Helene, MiltonThe Small Business Administration offers Economic Injury Disaster Loans to businesses and people affected by disasters.
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