Weekly Update for Government Contractors and Commercial Businesses – November 2023 #4
December 04, 2023
On November 21, Small Business Administrator Isabel Casillas Guzman announced that the SBA delivered $50 billion in capital, disaster relief, and bonding to small businesses and disaster-impacted communities across America in Fiscal Year 2023 (FY23). The SBA experienced another banner year of lending with increases in its microloan program, and its 7(a) Loan Program. In addition, the Biden-Harris Administration’s commitment to equity advanced further with significant increases in SBA lending to Black, Latino, Asian American, Pacific Islander and Native Hawaiian, Native American, women, and veteran small business owners in FY23.
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