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The SBA 8(a) Business Development program doesn ... will also need to be submitted.The 2024 application process opens March 1, 2024, and closes April 1, 2024, with awards scheduled to be announced ...
39% of Black-owned businesses were owned by Black women in 2021, while men owned 53%. In the 2023 fiscal year, the SBA backed 4,781 loans to Black-owned businesses, totaling $1.45 billion.
SBA loan statistics. According to the SBA, at the end of 2023 fiscal year:. $27.5 billion in SBA 7(a) loans was approved. Almost 70 percent of 7(a) loans were for amounts under $350,000
Rep. Kim Young (R-CA) and Angie Craig (D-MN) introduced the SCORE for Small Business Act of 2022 to reauthorize the SBIR program as HR 447 of the 117th Congress, which reauthorizes $13.5 million for the program for two years, ensures the SBA prevents abuse and misuse of funds, and expands counseling and training programs to provide online ...
The internet enabled black-owned businesses such as McBride Sisters Wine Company to become visible and reach a larger market than would have been possible pre-internet. [59] [60] The Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 had as one goal to assist black-owned businesses land more federal contracts. It required ...
The Amber Grant, operated by WomensNet since 1998, awards grants to women-owned businesses across a number of different categories to help support their operations. The organization gives out at ...