The 7(a) loan program is currently losing money, which could put it in the political crosshairs. At the agency itself, DOGE's calamitous terminations haven't helped.

The SBA Preferred Lenders Program is designed for high-volume, experienced SBA lenders that have demonstrated a proven track record of success. It grants participating banks the authority to approve, ...

Brookline Bank was named the top SBA 7(a) lender to manufacturers for 2024 by the Massachusetts SBA District Office. And Tom Smith is one of the people it can thank for that.

The Small Business Administration’s 7(a) loan program lost hundreds of millions of dollars in 2024, according to documents ...

Abby Miller never would have dreamed of receiving a $25,000 loan to help expand her business, but that’s exactly what happened through the Engler Enterprise Financing Program at the University ...

According to the SBA, across the 40 counties of the Eastern Pennsylvania District, the SBA 7a loan program made more loans to underserved communities. The breakdown of the increases is as follows: 105 ...

Recent legislative efforts in both the Senate and House of Representatives, under the guise of "ending racism in federal contracting," threaten to eliminate set-asides within the SBA 8(a) Program.

delaying loans to small businesses until Congress provided additional funding more several months later. Loeffler said a number of changes made to the SBA's programs during the Biden ...

WASHINGTON - The Trump administration has temporarily paused grant, loan and other financial assistance programs at the Office of Management and Budget, according to a memo seen by Reuters ...

The Trump administration has temporarily halted grant, loan, and financial assistance programs at the Office of Management and Budget to review agency funding consistent with Trump’s priorities.

This article was further updated on the morning of Jan. 29, 2025 to reflect additional reporting on the funding freeze’s impact on student loan programs. This article was further updated on the ...

Vaeth, Acting Director, Office of Management and Budget Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs The American people elected Donald J. Trump to be President ...