Latest U.S. Small Business Administration News
What changes should small businesses be aware of for 2025?
For small businesses, the biggest change in the new year will be the arrival of a presumably more business-friendly administration in Washington. But there are other shifts owners should keep on their radar. Among them: changes to state-level overtime and minimum wage rules, the...
Farmers, business owners, fire survivors face uncertainty after $100B in disaster relief flounders
NASHVILLE, Tenn. (AP) — American farmers, small business owners and wildfire survivors are among those who will suffer if Congress cannot agree on a new spending bill after President-elect Donald Trump abruptly rejected a bipartisan plan that included more than $100 billion in disaster aid. ...
Peter Navarro served prison time related to Jan. 6. Now Trump is bringing him back as an adviser
WASHINGTON (AP) — Former White House adviser Peter Navarro, who served prison time related to the Jan. 6 attack on the U.S. Capitol, will return to serve in Donald Trump’s second administration, the president-elect announced Wednesday. Navarro, a trade adviser during Trump’s...
What to know about Linda McMahon, Trump’s pick for Education secretary
WASHINGTON (AP) — Linda McMahon has been a constant presence in Donald Trump's tumultuous orbit, serving in his first administration and supporting his presidential campaigns. Now he's chosen her to serve as Education secretary. Here's a look at McMahon's background, from business...
Veterans face challenges starting small businesses but there are plenty of resources to help
NEW YORK (AP) — Many veterans who’ve started small businesses tell a similar story: Their military service prepared them mentally for the task, but they were at a disadvantage when it came to the financial part. “Vetrepreneurs” – veterans that start small businesses or...
Small Business Administration-backed financing rose 7% to $56B in fiscal 2024
The 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. The growth was driven by smaller loans, the agency said in its annual Capital Impact report. ...
Small business disaster loan program is out of money until Congress approves new funds
NEW YORK (AP) — The Small Business Administration has run out of money for the disaster assistance loans it offers small businesses, homeowners and renters, delaying much needed relief for people applying for aid in the wake of the destruction caused by Hurricanes Helene and Milton. ...
Small business disaster loan program said to be in danger of running out of funds by end of month
NEW YORK (AP) — The Small Business Administration could run out of money to fund disaster loans in the wake of Hurricane Helene's devastation. As is typical after a disaster, the government is offering aid to small businesses that were in Helene's path. The SBA is offering disaster...
