FACT SHEET: The U.S. Small Business Administration is Delivering ...

Nov 24, 2021 · While the holidays may still look a little different this year, the U.S. has made significant strides to ensure Americans can safely congregate with their loved ones for the …

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FACT SHEET: President Biden To Highlight How His Investing In …

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Dec 20, 2023 · President Biden’s Small Business Administration delivered $50 billion to small businesses in Fiscal Year 2023, with major increases in support for underserved businesses, …

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FACT SHEET: The U.S. Small Business Administration Is Delivering ...

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Nov 24, 2021 · Last year, shoppers came together in full force to support their local communities, and Small Business Saturday hit a record high with an estimated $19.8 billion in reported spe. …

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FACT SHEET: The Small Business Boom Under The Biden-

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Apr 28, 2022 · By focusing on combatting the pandemic, providing Americans with greater financial security, and delivering more than $450 billion in emergency relief to small …

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Fact Sheet: Biden-Harris Administration Takes Action To Expand …

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The Small Business Administration's 504 Loan Program provides long-term, fixed rate loans of up to $5.5 million from Small Business Administration-approved lenders to small businesses for …

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FAQs about FACT SHEET: The U.S. Small Business Administration is Delivering ... Coupon?

How much money does the administration spend on small businesses?

In each of the last three fiscal years, the Administration has increased spending on contracts to small businesses on the way to this goal, with small businesses receiving nearly $163 billion in federal contracting dollars in FY 2022, $70 billion of which was earned by SDBs. ...

How did Biden's Small Business Administration impact small businesses?

President Biden’s Small Business Administration delivered $50 billion to small businesses in Fiscal Year 2023, with major increases in support for underserved businesses, including Black-owned businesses. Since 2020, the share of the SBA’s loan portfolio going to minority-owned businesses has increased from 23% to over 32%. ...

How much did the Biden-Harris administration spend on small businesses?

The Small Business Administration (SBA) released its Procurement Scorecard showing that in Fiscal Year 2023, the Biden-Harris Administration awarded an all-time high in federal contracts to small businesses across federal agencies. In total, a record-high of $178.6 billion, or 28.4 percent, of all contracting dollars went to small businesses. ...

Are underserved small businesses growing?

And traditionally underserved small businesses are growing at near-historic rates, with Black business ownership growing at the fastest pace in 30 years and Latino business ownership growing at the fastest pace in more than a decade. ...

Why do small businesses need the SBA?

As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. ...

Are small businesses the engines of the economy?

Small businesses are the engines of the economy. As President Biden says, every time someone starts a new small business, it's an act of hope and confidence in our economy. In celebration of National Small Business Week, the Biden-Harris Administration is announcing new milestones in support delivered to small businesses across the country. ...