SBA Suspends Loans to Borrowers in California Over Fraud

The move comes after the agency similarly suspended federal funding to Minnesota due to widespread fraud. The Small Business Administration (SBA) announced that federal funding would be frozen…

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EPA and SBA Administrators Meet with LA Officials to Expedite Wildfire Recovery

The rebuilding process has been hampered by permitting and other obstacles. Environmental Protection Agency (EPA) Administrator Lee Zeldin and Small Business Administration (SBA) Administrator Kelly Loeffler met with…

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FBI Warns of Rising Akira Ransomware Threat

The agency called Akira a “top five” out of 130 ransomware variants targeting U.S. businesses. The Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency (CISA),…

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Treasury Department Launches Audit of Federal Contracting Practices

The review focuses on the potential misuse of small-business contracting programs. The Department of the Treasury recently announced a comprehensive audit of preference-based federal contracts totaling about $9…

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SBA Investigates Contracting Abuses in Federal Small Business Program

The SBA probe follows allegations of fraudulent subcontracting and misuse of the 8(a) program. The Small Business Administration (SBA) opened an investigation last month into two companies following…

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Supreme Court Will Hear Case Challenging President’s Tariffs

The high court will assess whether the 1977 law grants the executive branch emergency tariff powers. The Supreme Court agreed to take on a case challenging the imposition…

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SBA Orders Lenders to End Debanking Practices

The administration sent letters to ensure institutions cease politicized denials of service. The Small Business Administration (SBA) sent letters to over 5,000 lenders last week directing them to…

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21 Countries Suspend Delivery Service of “De Minimis“ Packages to United States

The President’s executive order implements the end of the exemption that CBP stated put American businesses at a disadvantage. Postal carriers from around the globe have suspended package…

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Former USAID Official Pleads Guilty to Bribery Conspiracy

The Justice Department announced that three contractors and two companies also pled guilty in the conspiracy. The Department of Justice (DOJ) announced that a former U.S. Agency for…

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Small Business Administration to Relocate Los Angeles Office

Administrator Loeffler urged the California governor to request disaster aid for small businesses impacted by looting and rioting. The Small Business Administration (SBA) recently announced it would relocate…

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