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small business financingThe White House
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88% Informative
SBA backed over 100,000 small business financings this year âthe most in over 15 years .
Biden-Harris Administration has powered a small business boom across the country.
Since FY 2020 , SBA has increased lending to underserved businesses including a: - 3x increase in loans to Black-owned businesses.
SBA is proposing new regulations to increase small business participation on multiple award contracts.
SBA also simplified and modernized its applicationâusing plain language, eliminating redundant questions, and reducing documentation requirements.
SSBCI is a nearly $10 billion program that is providing investment and support to small businesses across the country.
The agency expects to build on this success with MySBA Certifications and significantly grow the base of certified small business government contractors.
VR Score
91
Informative language
94
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28
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formal
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English
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72
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3
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