SBA Administrator Kelly Loeffler on Economic Growth, Deregulation, and SBA Reforms

SBA's Mission and Reforms

• 🎯 The SBA's fiscal year 2026 budget request focuses on streamlining services, eliminating waste, and ensuring taxpayer dollars deliver measurable results for small businesses.
• 💡 Reforms include consolidating duplicative operations, shifting resources to field offices, and refocusing on proven solutions like the capital access program and small business development centers.
• 🚀 The administration believes small businesses are the engine of the economy and prioritizes Main Street and job creators.

Economic Progress and Deregulation

• 📈 Since January, core inflation has been cut to its lowest level since 2021, over $11 trillion in private sector investment has been secured, and half a million new jobs have been created.
• ✂️ The administration has deregulated after years of bureaucratic expansion, bringing countries like China back to the negotiating table for fair trade deals.
• 🤝 Job creators and workers are assured that this administration has their back, leading to an economy poised for growth.

Overhauling the SBA

• 🧹 The SBA has undergone a sweeping overhaul to refocus on its mission of supporting small businesses and fueling economic growth through free enterprise.
• 🚫 Red tape is being cut, accountability is being restored, and capital is being delivered to job creators.
• 📉 The agency was previously bloated and dysfunctional, with significant fraud and failed audits under the Biden administration, including $400 million in negative cash flow for the 7A loan program in one year.

Restoring Financial Integrity and Depoliticizing the Agency

• 🛠️ A full-scale reorganization has been implemented, returning to prepandemic staffing levels and reallocating resources to field offices.
• 💰 Wasteful contracts totaling over $3 billion have been canceled, and lender fees have been reinstated with restored underwriting standards.
• ✅ Common sense identity and citizenship verification protocols have been implemented to ensure loans go to eligible businesses.
• ⚖️ The agency has been depoliticized, eliminating DEI mandates, the Green New Deal initiative, and voter registration schemes, while relocating offices out of sanctuary cities.

Supporting American Industry and Results

• 🏭 The SBA's Made in America manufacturing initiative is backing legislation for small manufacturers and has launched an onshoring portal.
• 📊 SBA loan approvals have increased by 80% in the first 100 days compared to the same period under the previous administration, with loans to the smallest businesses nearly doubling.
• 📈 The share of federal contracts going to small businesses has risen to 23% from 18% in January.
• 🌟 The SBA is now a leaner, stronger, and unapologetically pro-small business agency that respects taxpayer dollars and delivers results, with small business owners expanding, hiring, and reinvesting in their communities.