SBA

@SBAgov ↗

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Last Checked Nov. 28, 2020

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Wed Oct 28 20:13:04 +0000 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

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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

Further reported data shows SBA’s 7(a) lending to women-owned businesses was nearly $2.7B in FY20 while lending from the 504 loan program to women-owned businesses was over $522 million. Additionally, loans to veterans totaled nearly $835 million for the 7(a) and 504 programs. — PolitiTweet.org

Posted Oct. 28, 2020