INNOVATION NEWS
Check out our news highlights and archive here.
NOTE: Our blogs are typically “assisted by AI”. We use AI to assist us in research and style.
Not on our mailing list yet? Subscribe to our newsletter!
Interested in getting 10,000+ eyeballs to view your company’s content?
Become a Santa Cruz Works Partner or, see 3rd party content Sponsors.
SBA's Bold Move to Empower Small Businesses
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 to Assist Businesses with Storm Damage
Low-interest federal disaster loans are now available to California businesses and residents as a result of President Biden’s major disaster declaration.
SBA Increases Lending for COVID-19 Economic Loans
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.
Equitable Relief for Small Businesses
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!).