A GAO report has found that the Small Business Administration needs to improve compliance with the credit elsewhere requirement and its 7 (a) loan program. For its 7(a) loan program, the Small ...

In the proposed rule, the SBA sought to incorporate clarifications and policy changes first published in the Agency’s “Frequently Asked Questions” memorandums for the HUBZone Program. Currently, ...

The final rule takes effect on January 16, 2025. On December 17, the Small Business Administration issued a final rule that makes significant changes to the agency’s small business 8(a) and HUBZone ...

The SBA has eliminated the long-standing Small Business Scoring Service (SBSS) benchmark used to screen SBA 7(a) loan ...

WASHINGTON, D.C. — The U.S. Small Business Administration (SBA) recently announced the reinstatement of its bona fide place of business rule for participants in the 8(a) Business Development Program.

The Small Business Administration (SBA) annually issues a funding opportunity announcement with an estimate of total funding for the Small Business Development Center (SBDC) Program. The SBDC Program ...

The SBA says it’s bringing back discipline after a stretch of loose lending. But in trying to clean things up, it's tangling up deals that don’t need fixing. Deals are falling apart as the SBA is set ...

The SBA’s new SOP shifts more responsibility to lenders and requires stricter documentation on equity, collateral and eligibility. Franchisors must be listed in the SBA Franchise Directory by July 31, ...

Your business must meet several key criteria to qualify for an SBA loan. This includes having good personal credit as the business owner, operating within the U.S. or its territories, demonstrating a ...

As economic uncertainty persists, small businesses are increasingly relying on SBA loans for refinancing, working capital and expansion. In the first quarter of 2025, loan approvals soared 38% year ...