Kelly Loeffler, SBA Administrator and former US Senator from Georgia, shares insights on how the administration is supporting America's 34 million small businesses and creating an environment for economic growth and innovation.
• SBA supports small businesses through access to capital, business counseling, government contracting opportunities, and disaster relief
• The agency provides loans up to $500,000 for homeowners affected by disasters like the recent Texas floods
• Recent tax legislation makes permanent the 20% pass-through deduction and 100% expensing of capital purchases
• Working families will take home approximately $10,000 more annually thanks to the elimination of taxes on tips and overtime
• New SBA onshoring portal at sba.gov lists over one million domestic suppliers to help businesses source American-made products
• Current priorities include deregulation and pushing for lower interest rates to further support small business growth
• SBA's 504 loan program funds over 100 factory loans weekly, supporting American manufacturing resurgence
Visit sba.gov to explore resources including our onshoring portal, loan programs, and business counseling services to help start or grow your small business.
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