The U.S. Small Business Administration (SBA) is set to release billions in loan dollars to venture capital funds as part of a new rule. This move modernizes the Small Business Investment Company (SBIC) program, intending to boost investment in U.S. small businesses, especially those in underserved regions, capital-intensive sectors, and areas crucial for national security.

Low-interest federal disaster loans are now available to California businesses and residents as a result of President Biden’s major disaster declaration.

SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months with a maximum loan amount of $500,000.

The Paycheck Protection Program, Biden-Harris Administration and U.S. Small Business Administration are taking action to further equitable relief for small businesses (even the smallest!).