November 2020

SBA Proposes Small Business Size Standard Revisions in Three Industrial Sectors; Change Targeted at Increasing Eligibility for Contracting & Loan Programs

WASHINGTON – The U.S. Small Business Administration is seeking public comments on a proposed rule that would revise the small business size standards for businesses in three North American Industrial Classification System (NAICS) sectors to increase small business eligibility for SBA’s loan and contracting programs.  Comments may be submitted on this proposed rule on or…

SBA Announces Selection of New District Director for North Florida

Jacksonville, FLA. – The U.S. Small Business Administration (SBA) is proud to announce the selection of Mr. Michael Barrera as North Florida District Director. He will oversee the implementation of SBA programs and services across 43-counties in North Florida. Barrera is an experienced attorney with over 30-years of business, government, legal, and non-profit experience. He…

SBA Announces the Election of New Chair and Vice-Chair on the Small Business Development Center Advisory Board

WASHINGTON – The U.S. Small Business Administration is pleased to welcome the new Chair and Vice-Chair to the National Small Business Development Center (SBDC) Advisory Board. Bertica Cabrera Morris will serve as Board Chair, and Lea Marquez Peterson will serve as Vice-Chair. George Koklanaris, the Associate Administrator of the SBA’s Office of Small Business Development…

SBA Achieves Historic Small Business Lending for Fiscal Year 2020

WASHINGTON – The U.S. Small Business Administration announced Fiscal Year 2020 summary loan data of the financial assistance provided through traditional loan program lending as well as aid provided via the CARES Act. Loans guaranteed through traditional SBA lending programs exceeded $28 billion; however, enactment of the CARES Act dramatically increased loan volume guaranteed by…

NEW PPP FORGIVENESS FACTSHEET FOR BORROWER AUDIENCE

A PPP factsheet for borrowers that provides a high-level overview of what they have to do as part of the PPP Forgiveness process has been developed for SBA field offices and SBA Resource Partners. The basic premise is that the borrowers in all cases should work with their PPP lenders on forgiveness. Here is the…