SBA

@SBAgov ↗

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Last Checked Nov. 28, 2020

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Wed Oct 28 20:10:41 +0000 2020

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SBA @SBAgov

The Microloan Program, which specifically helps businesses in underserved communities, achieved a second straight record year performance with nearly $85 million dollars going to over 5,800 small businesses. 34% of Microloans made in FY20 went to Black-owned small businesses. — PolitiTweet.org

Posted Oct. 28, 2020

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SBA @SBAgov

In FY20, SBA’s flagship 7(a) loan program made approximately 42,000 7(a) loans totaling $22.55B. The 504 loan program had another year of increased performance, with more than 7,000 loans made for a total dollar amount of more than $5.8B. — PolitiTweet.org

Posted Oct. 28, 2020

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SBA @SBAgov

Lenders reported that minority business owners received $7.5B in combined 7(a) and 504 lending, or 27% of the SBA’s loan portfolio. — PolitiTweet.org

Posted Oct. 28, 2020