SBA’s Patriot Express Loan Initiative Delivers Nearly $500 Million to 6,000 Vets and Military Community
The SBA issued the following press release on July 1st:
Washington, DC – In just three years’ time, the U.S. Small Business Administration’s Patriot Express Pilot Loan Initiative has supported nearly $500 million in Patriot Express loans to small businesses owned and operated by veterans, reservists and their spouses.
Patriot Express Loans, which can be used to [...]
SBA Adds Eight New Veterans Business Outreach Centers to Assist Veteran Entrepreneurs
The SBA will be offering Veterans in business and those considering getting into business support and services in eight new markets:
State University of New Jersey – Newark, New Jersey
Old Dominion University – Norfolk, Virginia
University of Pennsylvania – Philadelphia, Pennsylvania
Fayetteville State University – Fayetteville, North Carolina
New Mexico Department of Veterans’ Services – Santa Fe, New Mexico
Southwest [...]
SBA to Revise Format for Small Business Procurement Scorecard
WASHINGTON – The U.S. Small Business Administration is revising the format of the annual Small Business Procurement Scorecard to provide more clarity and transparency on the federal government’s performance in meeting its small business contracting goals. The revised scorecard will be based on an A through F letter grade system, as opposed to the previous [...]
Federal court gives HUBZone program priority
This article on Mar 9th in Federal Computer Week has the GovCon industry abuzz about the potential ramifications…
Federal Court Gives HUBZone Program Priority
The Small Business Act makes it mandatory, not optional, to give HUBZone companies a preference over other small businesses, a judge rules
A federal judge has thrown a wrench into the Obama [...]
SBA Advocacy Efforts under the Regulatory Flexibility Act Saved Small Businesses $7 Billion in FY 2009
Advocacy Efforts under the Regulatory Flexibility Act Saved Small Businesses $7 Billion in FY 2009
WASHINGTON, D.C. – Small businesses realized $7 billion in first-year cost savings and $745 million in annually recurring savings as a result of fiscal year (FY) 2009 efforts to help agencies comply with the Regulatory Flexibility Act (RFA). The law requires [...]
Proposed budget increases SBA funding by more than 20 percent
Chair Mary L. Landrieu, D-La., today praised the Small Business Administration (SBA) components of President Obama’s budget proposal.
SBA, Minority Business RoundTable Renew Partnership
WASHINGTON – The U.S. Small Business Administration announced today that it renewed its two-year partnership agreement with the Minority Business RoundTable (MBRT) to continue joint outreach efforts to minority entrepreneurs.
“During these difficult economic times, it is imperative that we provide small and minority businesses with the necessary tools to drive economic growth and create jobs [...]
Additional Funding for SBA Recovery Lending Programs
Additional $4.5 billion in small business loans included in recent appropriations bill signed by the President.
WASHINGTON – President Obama signed the U.S. Department of Defense (DOD) appropriations bill on Saturday, which included $125 million to continue through Feb. 28, 2010, the enhancements made possible through the American Recovery and Reinvestment Act (ARRA) to SBA’s two [...]
SBA Adds New Training Tools to Increase Opportunities for Vets
WASHINGTON – The U.S. Small Business Administration today announced a three-year agreement to expand and deliver entrepreneurship training for service-disabled veterans of the wars in Iraq and Afghanistan.
The agreement with SBA’s Office of Veterans Business Development will support the expansion of the year-long Entrepreneurship Bootcamp for Veterans with Disabilities (EBV). The expansion of this [...]
SBA Proposes Revision of Small Business Size Standards
The announcement below was just released by the SBA. It’s hot off the presses so there hasn’t been time to assess the impact across the various business types with changes proposed. More on the impact and unintended consequences later.
SBA Proposes Revision of Size Standards To Expand Opportunities for Small Businesses
WASHINGTON – The U.S. Small [...]
