August 20, 2025

Small Business Administration

Loans

SBA employee admits approving loans for self, family

The Brief 45-year-old Rena Barrett of Covington admitted to making false statements on loans worth more than $550,000. Barret worked for the Small Business Administration but resigned after her fraud was discovered, prosecutors said. Officials said Barrett ultimately received about half of the $550,000 she sought. ATLANTA – A Small Business Administration employee pleaded guilty

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Loans

$4.2M in SBA loans approved, more available

The U.S. Small Business Administration has approved over $4.2 million in federal disaster loans for Northern Michigan residents and businesses affected by severe ice storms in March. As of Friday, Aug. 8, the SBA has provided more than $3 million to residents and $1.2 million to businesses through the Economic Injury Disaster Loan (EIDL) program,

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Banking

Trump signs executive order to ensure fair banking access for all US citizens

US President Donald Trump has signed an executive order aimed at safeguarding equitable access to banking services for all citizens of the country. This directive mandates that federal regulators refrain from endorsing policies that permit financial institutions to deny or limit services based on an individual’s political or religious beliefs, or lawful business activities. It

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Loans

SBA offers disaster loans to businesses, residents hit by June 29 storms

SACRAMENTO, Calif. — The U.S. Small Business Administration is now providing low-interest disaster loans for residents, businesses and nonprofits affected by storms from June 29. After a request from Gov. Mike Kehoe on July 25, SBA issued a disaster declaration for the counties of Christian, Dade, Dallas, Greene, Lawrence, Polk and Webster. Businesses and nonprofits

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Loans

Aid deadline extension allows Pulaskians to apply for SBA loans

Pulaskians affected by the May 16 tornado have been given an extension to apply for assistance, and that includes applying for loans through the Small Business Administration. James Accurso, public affairs specialist for SBA, spoke at Monday’s Somerset City Council meeting to get the word out that his organization is still accepting loan applications for

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Loans

SBA axes rule banning faith-based groups from receiving disaster loans

“The SBA is committed to ending the era of weaponized government that has systematically discriminated against Americans of faith – even denying them access to vital disaster relief in times of tragedy,” SBA Administrator Kelly Loeffler said in a statement shared with the Washington Examiner. “We are thrilled to announce our first-ever Center for Faith at

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Loans

Suffered damages in April 29 storm? Low-interest federal loans now available for repairs

Springfield has seen its share of severe weather this spring and summer, with several damaging high wind and flooding events. Now, those who suffered physical or economic losses in the initial April 29 storm may take advantage of low-interest federal disaster loans. The U.S. Small Business Administration issued a disaster declaration in late June in

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Loans

SBA offer disaster loans for Calhoun County from storms in March

CALHOUN COUNTY, Miss. (WCBI) – Multiple severe storms blew through Calhoun County in the early part of this year. The severe weather left many homes, businesses, and organizations still looking for ways to repair the significant damage. This is where the U.S. Small Business Administration has stepped in, now offering beneficial disaster loans for those

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Loans

SBA administrator Loeffler tours Transylvania County NC outfitter

U.S. Small Business Administration (SBA) Administrator Kelly Loeffler At a visit to a river sports business in Pisgah National Forest, the Small Business Administration’s Kelly Loeffler pointed to its impact post-Helene. Small Business Administration leader Kelly Loeffler visited Pisgah National Forest June 19. Small Business Administration loans kept some businesses afloat post-Helene, one business owner

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Loans

SBA Loans Now Off Limits For Firms With Non-Citizen Managers

Kelly Loeffler’s Small Business Administration is forcing some small businesses to choose between valued immigrant employees and access to funding. (Photo by Kevin Dietsch/Getty Images) Getty Images The Small Business Administration (SBA) put new rules into effect on June 1 for getting government-backed small business loans. But one part of the new rules has gone

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