SBA Partnering with Small Businesses to Drive Economic Recovery

By SBA Administrator Jovita Carranza

For the 200 employees at On-Target Supplies & Logistics in Dallas, having a job right now means stability during times of economic uncertainty. The pandemic has impacted small businesses across the country, but it has been particularly harmful for entrepreneurs in underserved communities.

Following President Trump’s guidance, SBA launched the Paycheck Protection Program (PPP), designed to quickly bring financial relief to socially and economically disadvantaged small businesses, as well as minority-owned, women-owned and veteran-owned small businesses.

On-Target owner Tré Black said the forgivable PPP loan he received has allowed him to continue paying his workforce and has brought peace of mind during this difficult time.

The priority for this Administration, and me personally, is to ensure these forgivable loans are going to those most in need. I’m proud to report nearly half of all PPP loans – both in terms of volume and value – are going to low-income counties across the country.

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How the SBA is Reaching Every Nook and Cranny of the Country

SBA Administrator Jovita Carranza's interview with the Washington Examiner 

Jovita Carranza, the administrator of the Small Business Administration, said you’ll likely not see this in a headline, but small businesses are rebounding. “The momentum is there because I've seen it firsthand,” she said.

Carranza sat for an interview with the Washington Examiner both here in Dauphin County, Pennsylvania, as well as in Morgantown, West Virginia, to discuss the impact the Paycheck Protection Program has had on small businesses trying to make a comeback after being shut down from either production or services for months.

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Helping America’s Entrepreneurs Get Back to Business

By Allen Gutierrez, Associate Administrator of SBA's Office of Entrepreneurial Development

Now more than ever before, Americans are turning to online learning. The trend is especially true as small businesses begin to reopen after states lift Coronavirus (COVID-19) restrictions in the weeks and months ahead. The U.S. Small Business Administration offers free online courses that can help to guide you as you get back to business. Our online courses, housed in the SBA Learning Center, are tailored to specific subject areas and business stages. You can also supplement the knowledge you gain from these courses with other SBA resources – including virtual expert advice from SBA resource partners. Here are some of the online courses that you can leverage.

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