Small Business Administration

Small Business Emergency Relief Program Hits $349 Billion Cap In Less Than 2 Weeks

3:45pm April 16, 2020

by Danielle Kurtzleben

The Paycheck Protection Program, which opened on April 3, has been plagued with delays and technical difficulties. Republicans and Democrats agree on adding more funding, but they disagree on how.

Small Business Administration chief Jovita Carranza speaks at the White House as President Trump and Treasury Secretary Steven Mnuchin look on. Some small business owners are facing delays in applying for a new loan program.

Economy

With Survival At Stake, Small Business Owners Frustrated By Aid Delays

8:31pm April 07, 2020

by Danielle Kurtzleben

The Paycheck Protection Program is meant to help small businesses keep workers on payroll. But first, businesses have to get the money — a process that has proven difficult for some.

Queue Listen Now

Treasury Secretary Steve Mnuchin gives two thumbs up for U.S. Treasurer Jovita Carranza in 2018. On Thursday, President Trump announced that he will nominate Carranza to lead the Small Business Administration.

Trump Wants U.S. Treasurer Jovita Carranza To Lead Small Business Administration

12:37pm April 05, 2019

by Sasha Ingber

The president says he will nominate Carranza, who served as deputy administrator for the SBA under President George W. Bush, to replace Linda McMahon.

Linda McMahon had contributed heavily to Donald Trump's 2016 election effort. At America First Action, she could play a similar role in his 2020 bid for re-election.

Politics & Government

Linda McMahon To Quit Small Business Administration, Join Pro-Trump SuperPAC

5:00pm March 29, 2019

by Scott Horsley

McMahon is stepping down as head of the agency after more than two years in President Trump's Cabinet. McMahon had been known as a professional wrestling promoter.