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Biden’s new SBA head on Covid loans and financial relief businesses can still get

SBA Financial Relief

  • President Biden’s SBA Administrator Isabelle Guzman says it was a “huge scale” change for the federal small business agency to handle $1 trillion in Covid-19 loans, grants and other forms of financial relief.

  • While the PPP program and Shuttered Venues Operator Grant program were criticized, the SBA leader says she is forcing SBA staff to think more like entrepreneurs and tech start-ups and solve that scale problem so the agency makes equitable, efficient funding decisions to help small businesses grow.

  • Currently she cited remaining funds in the program from live event venues, Covid economic injury disaster loans, and a PPP loan forgiveness process she says is improving with the support of 1,000 partners who can make decisions in 10 minutes.

Source: https://www.cnbc.com/2021/08/11/biden-sba-head-on-covid-loans-financial-help-businesses-can-still-get.html



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