Senate confirms Isabel Guzman to lead small business agency
Guzman is a former Obama administration SBA official who currently heads California’s Office of the Small Business Advocate.
‘The system was never created for us.’ Business owners of color still struggle to get enough COVID aid
Black and Hispanic business owners said they feel disparities in PPP distribution highlight longstanding systemic inequities in the U.S. that have kept entrepreneurs who are not white from accessing capital.
WATCH: Isabel Guzman, nominee for small business administrator, testifies during Senate confirmation hearing
If confirmed, Guzman will be tasked with overseeing the Paycheck Protection Program and other initiatives to support small businesses that have been forced to close or scale back operations during the pandemic.
WATCH: Federal officials testify on fraud prevention in small business loan programs
Officials from the Office of the Inspector General and the U.S. Government Accountability Office will testify Oct. 1 about efforts to prevent fraud within federal programs set up to support small businesses affected by the novel coronavirus pandemic.
It’s unclear how much money has actually been distributed from the program, which launched April 3. Thousands of business owners are still awaiting word on their loan applications.
The economic emergency driven by the coronavirus pandemic is especially brutal for small businesses, many of which experienced an abrupt and complete loss of income. Although federal aid has been allocated to assist them, logistical obstacles to getting the funds…
The head of the Small Business Administration, Linda McMahon, is stepping down from the role and will help President Donald Trump's re-election effort, he said Friday.
On Monday, President-elect Trump posted two tweets staunchly defending his charitable organization, the Donald J. Trump Foundation, as generous and efficient. But some say the comments are misleading or downright false, considering an ongoing New York investigation into the charity's…
With the naming of Linda McMahon to head the Small Business Administration, President-elect Trump has now named numerous billionaires as leaders in his administration. Sean Spicer, chief strategist for the Republican National Committee, joins Judy Woodruff to discuss the significance…
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