26th SBA Administrator Jovita Carranza

It has been an honor of a lifetime to serve as Administrator of U.S. Small Business Administration alongside committed professionals, using our time and talents for America’s small businesses when they need it the most.

Whether in rural towns, suburban markets, or city centers, so many small businesses have borne the pandemic’s most significant impacts, and the SBA team of professionals dedicated themselves to providing a lifeline to our nation’s small businesses.

SBA is here to assist the small business community every step of the way now and as they reopen and restart their journey back to economic recovery. I know SBA will continue to be their ally as they chart their course to achieving their entrepreneurial dreams.

"As the largest economic-support program for small businesses in American history, PPP quickly delivered critical economic help for American workers. The evidence shows that PPP provided immediate economic relief to the businesses most in need, saving millions of jobs, staving off bankruptcy risk, and helping to stop an economic depression dead in its tracks."

https://www.wsj.com/articles/time-for-a-second-round-of-ppp-11608247577

Opinion | Time for a Second Round of PPP With lockdowns ramping up, Congress should again extend this crucial economic lifeline to America’s small businesses.

75% percent of all loans went to firms with nine or fewer employees – another indicator of the program’s success in supporting truly small businesses.

The accomplished its mission, and now our nation’s small businesses are helping lead the great American economic comeback.

Our work to support the small business sector continues with unrelenting intensity and dedication, and we will not rest until America’s small businesses are once again economic drivers in their communities.

https://www.foxbusiness.com/economy/small-business-administrator-carranza-ppp-small-businesses-jobs

Small Business Administrator Carranza: PPP saved millions of small businesses, American jobs By all accounts, the PPP program achieved its objectives

Paycheck Protection Program wasn’t perfect, but still a huge jobs saver The Paycheck Protection Program was expensive, complicated, unfair and graft-prone. But it worked.  The perception of a boondoggle is hardening. But before we slam Congress and President Trump…

Happy Women's Entrepreneurship Day! We honor the ambitious businesswomen who are building a legacy for future generations. Women entrepreneurs are a growing force—creating jobs, increasing innovation, and powering the Great American Comeback.

"We see solid momentum going into the fourth quarter, and another good quarter could get the GDP back to its 2019 closing levels” said Bill Dunkelberg, chief economist of the NFIB.

https://thebusinesstimes.com/small-business-optimism-index-holds-steady/

Small Business Optimism Index holds steady – The Business Times Share on Facebook Follow on Facebook Connect on Linked in Subscribe by Email Print This Post William Dunkelberg A measure of optimism among small business owners remains unchanged on a mix of positive and negative expectations for the months ahead. The National Federation of Independent Business rep...

This , we celebrate our nation’s courageous entrepreneurs who continue to prove that the American dream is alive and more obtainable than ever before. Flag of United States.

https://www.whitehouse.gov/presidential-actions/proclamation-national-entrepreneurship-month-2020/

Proclamation on National Entrepreneurship Month, 2020 | The White House The United States is home to the most creative, passionate, and talented minds anywhere in the world. Throughout our history, we have pioneered revolution

President Donald J. Trump is keeping his promise to have the backs of small businesses, which is nowhere more apparent than in California. The U.S. Small Business Administration and this Administration are proud to partner with small businesses as the economy rebounds stronger!

Every week President has sent me to visit small businesses across the country to listen and learn firsthand how small business owners are utilizing the and discuss how we can even better support them moving forward.

I am proud to report the San Diego and Imperial Women's Business Center has opened eight new chapters during the pandemic, increasing clients by 300%. We have come a long way together these past months, but our work is not finished and this Administration will continue to prioritize women entrepreneurs!

Entrepreneurs have found renewed innovation and adaptability like never before. The Knotstop - San Diego adjusted to the pandemic by converting a parking lot into a massage space. A loan has been a "lifesaver," allowing this San Diego, CA business to stretch its operations outdoors.

In California, agriculture supports nearly 240,000 workers. President
Donald J. Trump's deal has been instrumental in helping small businesses in the agriculture industry take advantage of additional trade opportunities with our neighbors to the north and south.

When the pandemic hit, Balboa Park Conservancy applied and received a loan which provided a lifeline to sustain operations and bring back employees in order to continue serving the San Diego, California community.

A loan helped VetPowered, LLC continue payroll and an loan to confidently proceed with expanding the business in San Diego, California. This Administration and businesses like this are helping reboot our nation’s economy and infrastructure with American tools and workers!

California is home to 4.1 million small businesses, which make up 99.8% of all businesses in the state. President Donald J. Trump values entrepreneurship and stands with small businesses—the backbone of our economy.

Over 623,000 California small businesses and non-profits received $68.6 billion in loans and $34.2 billion in EIDL COVID-19 loans. The Great American Comeback is underway, and the U.S. Small Business Administration is proud to support these resilient small businesses!

"The growth in the third quarter, and the particular strength of American consumers, also reflects the swiftness and magnitude of the aid the Administration provided directly to America’s families, workers, and small businesses."

https://www.whitehouse.gov/articles/great-american-recovery-third-quarter-gdp-blows-past-expectations/

The Great American Recovery: Third Quarter GDP Blows Past Expectations | The White House After releasing his plan to reopen America safely in April, President Trump remarked that prior to the Coronavirus pandemic, the United States had “built t

The is helping small businesses across the country save money and reach new markets. Phat Scooters is moving their production from China to Mexico, helping expand the business by utilizing the full benefits of the trade deal.

Learn more: https://advocacy.sba.gov/2020/01/30/the-small-business-benefits-of-the-usmca/

The gave Relieve Allergy Asthma & Hives in Scottsdale, Arizona the ability to pivot, safely treat their patients and hire more employees. The has helped jumpstart the local economy and given small business owners support and relief during this unprecedented time.

A loan empowered Superstition Meadery in Prescott, Arizona to reopen and rehire all employees at their founding location! It gave them the confidence needed to proceed with opening a new location creating more job opportunity and revenue in the community.

Prestamos in Phoenix, AZ has been a strong partner for the
U.S. Small Business Administration helping local small businesses, specifically those whom English is their second language, with the and assisting them on their road to recovery.

"The U.S. Small Business Administration's economic relief has sparked life into millions of businesses through providing loans worth more than $500 billion in total.”

https://www.kold.com/2020/10/28/millions-businesses-receive-sba-loans-many-preparing-covid-spike/ via KOLD News 13

Millions of businesses receive SBA loans, many preparing for COVID spike Millions of small businesses have gotten economic relief through the U.S. Small Business Administration. SBA Administrator Jovita Caranza visited Tucson Wednesday and explained what small businesses across the country are doing to power through the COVID-19.

Historic economic growth: the real GDP grew by 33.1% in the third quarter, the largest growth on record! President Donald J. Trump and this Administration will continue to help America's businesses and workers as they fuel the Great American Comeback!

https://www.cnbc.com/2020/10/29/us-gdp-report-third-quarter-2020.html?__source=sharebar%7Ctwitter&par=sharebar

U.S. GDP booms at 33.1% rate in Q3, better than expected The growth came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones

Despite the pandemic, we’ve added eight new Women’s Business Centers since April! This brings our national total to 117 WBCs, including the vibrant center here in Tucson, AZ.

Under this Administration, women have a seat at the table shaping policy, driving economic growth in their local communities, and advancing solutions to critical issues like childcare responsibilities and access to capital.

President Donald J. Trump and I will not rest until we see women-owned small businesses from across the nation recover and continue doing what they do best—fueling our economy, creating jobs, and building wealth in the Tucson community.

A loan served as the “foundation” for El Berraco in Tucson, Arizona, as they weathered the pandemic. While American small businesses have been fighting the invisible enemy, President Donald J. Trump and the U.S. Small Business Administration have been championing their path to recovery.

It was an honor to present Peter Van Bogaert with the 2020 Arizona Small Business Person of the Year award—congratulations! This Administration and the U.S. Small Business Administration is proud of the resiliency and innovation entrepreneurs like Mr. Bogaert have shown amid the pandemic. Small businesses are the backbone of America, and together we will build back a booming economy!

Nearly nine million loans worth $750 billion stabilized the small business sector and put it on the road to recovery!

https://www.sba.gov/article/2020/oct/28/sba-achieves-historic-small-business-lending-fiscal-year-2020

SBA Achieves Historic Small Business Lending for Fiscal Year 2020 {}

Under this Administration, a typical Arizona family’s real income increased $9,800—the highest level on record—expanding opportunities for small business sales and growth. Arizona small businesses have a friend in President Donald J. Trump and U.S. Small Business Administration on the road to recovery.

Arizona small businesses employ over 40% of workers. Resources committed by this Administration to helping Arizona's small businesses and workers:
- $8.6 billion in loans made to more than 85,000 small businesses & non-profits
- $3.1 billion in COVID-19 EIDL assistance

A loan was a “tremendous blessing” for Concord Baptist Church of Boston, which the “opportunity to keep going, and keep our staffing.” The relief funds empowered them to continue serving their community with outreach such as their food distribution program.

Concord Baptist’s Pastor emphasized that feeding people is non-sectarian, and “this is an opportunity for the church to work in tandem with the government.” The U.S. Small Business Administration is here to help all faith-based organizations on their road to recovery.

Nationally, more than 90,000 faith-based organizations received a total of $7.3 billion in loans saving over one million jobs. This Administration ensured faith-based organizations could access funds – a first for the U.S. Small Business Administration's small business loan programs.

Gary Tannenbaum, owner of the Blue Moose Cafe, explains how the helped to keep his employees on payroll.

https://www.thedaonline.com/multimedia/pandemic-changes-a-lot-not-the-itch-for-caffeine/video_ae4910ec-0109-5666-a5a9-bf7bf48f5dd2.ht

Pandemic changes a lot, not the itch for caffeine Blue Moose Cafe is one of multiple local cafes in the Morgantown area known for their assortment of caffeinated beverages and breakfast foods including vegan chili. Gary Tannenbaum, owner of

“Aldcowski says that through the , Diaz was able to not only continue to pay their employees throughout the pandemic, but they were also able to start production right back up once their area was given the green light.”

https://www.binghamtonhomepage.com/news/u-s-small-business-administration-took-a-tour-of-diaz-manufacturing-in-montrose/

U.S. Small Business Administration took a tour of Diaz Manufacturing in Montrose Montrose P.A. – A member of President Trump’s staff took a tour of a Susquehanna County business earlier this week. Steve Bulger, the Mid-Atlantic Regional Administrator of the U.S. Sma…

Good news: According to a new report, 93% of small businesses plan to hire in 2021

https://www.prnewswire.com/news-releases/83-of-small-business-owners-report-optimism-for-2021-301159592.html

83% Of Small Business Owners Report Optimism For 2021 /PRNewswire/ -- A new sentiment survey of small and medium-sized business ("SMB") owners describes their outlook for 2021 as optimistic despite the significant...

"...the U.S. Small Business Administration succeeded in terms of helping banks—mostly community banks—get funds into the hands of small businesses owners. Many more small businesses would not have weathered the pandemic-induced economic uncertainty without that money."

https://bankbeat.biz/carranza-gets-a-big-start-at-the-sba/

Carranza gets a big start at the SBA | BankBeat When Jovita Carranza was confirmed SBA Administrator in January, there was no way for her to know it was on the cusp of its biggest mission.

The economy is recovering at unprecedented speed, thanks to President Donald J. Trump’s efforts. Economic growth continues to surpass expectations. More than 11.4 million jobs have been recovered over the past 5 months, overturning 52% of job losses caused by the pandemic.

Job growth has outpaced projections, and retail sales have already bounced back above pre-pandemic levels—indicating a strong recovery for the economy and small businesses across America.

The U.S. Small Business Administration has program offices dedicated to the smallest of small businesses, women-owned businesses, and those in underserved markets.

https://www.bizjournals.com/jacksonville/news/2020/10/26/jovita-carranza-sba-jacksonville.html

SBA Administrator Jovita Carranza focuses on underserved businesses on visit to Jacksonville - Jacksonville Business Journal Carranza visited businesses in Jacksonville, Tampa and Orlando to talk about PPP loans and the future.