Small Business Administration Archives

News

Judge’s Ruling: Business Owners Of Color Must Now Submit Proof Of ‘Social Disadvantage’ For SBA Loans

Daniel JohnsonSeptember 13, 2023September 13, 2023

by Daniel JohnsonSeptember 13, 2023September 13, 20235603

Judge Clifton Corker ruled in favor of Ultima Services Corp.'s case against the United States Department of Agriculture, using the same logic that the Supreme...

Millionaire Artists Received $200 Million In Federal Grants From Small Business Administration

Mary SpillerAugust 12, 2023August 14, 2023

by Mary SpillerAugust 12, 2023August 14, 20232211

According to a shocking Insider report, a handful of millionaire artists have received upwards of $200 million in pandemic relief through the Small Business Administration’s...

Business

Small Business Administration To Simplify Loan Process

Daniel JohnsonAugust 7, 2023August 7, 2023

by Daniel JohnsonAugust 7, 2023August 7, 20231537

Even though the SBA seems certain that its changes will positively benefit minority business owners, some have raised the alarm...

Business

Maryland Snags The No. 2 Spot For Minority Entrepreneurs To Succeed

Stacy JacksonJune 30, 2023June 30, 2023

by Stacy JacksonJune 30, 2023June 30, 2023928

Maryland might be the move for Black business owners and entrepreneurs....

Entrepreneurship

SBA Announces Landmark Collaboration with Historically Black Fraternities and Sororities to Address the Wealth Gap Through Black Entrepreneurship

BLACK ENTERPRISE EditorsJune 20, 2022June 15, 2022

by BLACK ENTERPRISE EditorsJune 20, 2022June 15, 20225173

The U.S. Small Business Administration unites with the National Pan-Hellenic Council to increase financial literacy and provide tools and resources for diverse entrepreneurs....

Leadership

Shakenna Williams Appointed to the National Women’s Business Council

BLACK ENTERPRISE EditorsMay 12, 2022May 12, 2022

by BLACK ENTERPRISE EditorsMay 12, 2022May 12, 20221166

Congratulations to Shakenna Williams on her appointment to the National Women's Business Council!...

Entrepreneurship

PPP Money for Small Business Loans Runs Out As Firms Struggle to Survive

Jeffrey McKinneyApril 16, 2020April 16, 2020

by Jeffrey McKinneyApril 16, 2020April 16, 20202301

The U.S. Small Business Administration, which helps run the program, issued a statement around noon today indicating "All PPP funds are exhausted."...

Entrepreneurship

Trump’s Nominee To Lead SBA Commits To Expand Resources To Black Businesses Among Her Priorities If Confirmed

Jeffrey McKinneyJanuary 6, 2020January 3, 2020

by Jeffrey McKinneyJanuary 6, 2020January 3, 20201251

The Senate Committee on Small Business & Entrepreneurship voted to approve Jovita Carranza as the new administrator of the SBA...

Entrepreneurship

The SBA Provided Over $330 Million in Business Loans to Black Woman Entrepreneurs in 2019

Jeffrey McKinneyNovember 8, 2019November 8, 2019

by Jeffrey McKinneyNovember 8, 2019November 8, 20194245

The Small Business Administration has seen double-digit dollar increases in small business loan approvals for black women entrepreneurs...

Entrepreneurship

Win $1 Million from the Small Business Administration to Grow Your Business

Jeffrey McKinneyJuly 3, 2019July 3, 2019

by Jeffrey McKinneyJuly 3, 2019July 3, 2019848

The U.S. Small Business Administration is offering $1 million in prize money that could help black-owned small businesses locate and hire qualified workers....