Latest U.S. Small Business Administration News
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...
