WASHINGTON – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s cabinet for America’s more than 33 million small businesses, announced the Office of Surety Guarantees award winners recognized for their continued work to help small contracting businesses acquire surety bonds.Guzman commended the award winners, stating, "SBA’s surety guarantee partners play a crucial role in helping the SBA facilitate billions of contracting dollars to America’s small businesses, and our 2024 Surety Guarantee...

SBA Administrator Isabel Casillas Guzman announced the selection of 17 new Women’s Business Centers (WBCs), with 13 of them hosted by established Minority Serving Institutions (MSIs) across ten states. Guzman highlighted the impact of these centers on women entrepreneurs, especially women of color, stating, “Under the Biden-Harris Administration, we have seen a historic Small Business Boom, with women, especially women of color, filing new business applications at double the rates of men.”The SBA’s WBCs provide essential resources to women entrepreneurs, offering...

WASHINGTON – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, recognized four SBA Resource Partners of the Year awardees. The awardees – from Wisconsin, Michigan, Colorado, and Mississippi – will be honored at a ceremony during National Small Business Week, April 30-May 1, 2024."This year’s Resource Partner of the Year awardees are making a real difference in the lives of countless small business owners — connecting them with...

The U.S. Small Business Administration has revealed the co-sponsors and educational session topics for the upcoming 2024 National Small Business Week (NSBW) Virtual Summit, set to take place from April 30 to May 1. The event aims to provide valuable resources and networking opportunities to small business owners across the nation.Han Nguyen, Associate Administrator for the Office of Communications and Public Liaison at the SBA, highlighted the significance of National Small Business Week, stating, “SBA’s National Small Business Week recognizes entrepreneurs and small...

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) has announced a groundbreaking memorandum of understanding with the Michigan Department of State (MDOS) to promote civic engagement and voter registration in Michigan. The agreement, running through Jan. 1, 2036, marks the SBA's first-ever collaboration of this kind.In a statement, Administrator Guzman emphasized the importance of democracy in economic success, stating, “Protecting and strengthening our democracy is critical to our economic success and a core goal of the Biden-Harris...

On March 21 at 1 p.m. ET, the U.S. Small Business Administration (SBA) and the White House’s Office of the National Cyber Director will host a virtual session entitled “Fortifying Your Business: Strategies for Resilience in the Digital Age.” The event is free and open to all who sign up.The session will feature speakers including Mark Madrid, Associate Administrator of the SBA’s Office of Entrepreneurial Development; Jacob (“Jake”) Braun, Acting Principal Deputy, National Cyber Director in the White House; and Seeyew Mo, Assistant National Cyber Director for Cyber...

Washington – Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), has announced significant changes to the Surety Bond Guarantee Program (SBG) that are set to benefit small businesses across the country. The SBA will now be increasing the statutory contract limits for the program, allowing for greater revenue opportunities and supporting job creation and economic growth.Effective March 18, the SBA will begin guaranteeing bid, performance, payment, and ancillary bonds up to $9 million for all projects and up to $14 million on federal...

WASHINGTON– The U.S. Small Business Administration (SBA) announced significant milestones in expanding access to private equity and debt capital for American small businesses and startups through the Small Business Investment Company (SBIC) Program. This announcement was made by Administrator Isabel Casillas Guzman during a White House convening with National Economic Council Director Lael Brainard.The event, attended by over 60 leaders from private investment firms and industry associations, highlighted the progress made in regulatory reforms to the SBIC Program. Among...

The U.S. Small Business Administration (SBA) recently embarked on its America’s Seed Fund Road Tour, a national outreach effort aimed at connecting entrepreneurs working on advanced and innovative technology with funding opportunities. The Road Tour, which visited Orlando, Florida, on February 7 and Puerto Rico on February 9, seeks to engage startups and small businesses and help them access the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs."America relies on ingenuity to develop critical technologies and create the...

The U.S. Small Business Administration (SBA) is celebrating the one-year anniversary of the Veteran Small Business Certification (VetCert) program. This program has been instrumental in expanding federal contracting opportunities for Veteran-Owned Small Businesses (VOSBs) and Service-Disabled Veteran-Owned Small Businesses (SDVOSBs). Under the Biden-Harris Administration's commitment to supporting veterans and underserved populations, the VetCert program has approved over 10,400 applications from VOSBs and SDVOSBs with an impressive average processing time of just 15 days....

The U.S. Small Business Administration (SBA) has finalized two rules aimed at addressing gaps in access to capital for small business owners in underserved communities, in line with the Biden-Harris Administration's efforts to grow the economy from the middle out and bottom-up.