The U.S. Small Business Administration is seeking public comments on a proposed rule that would revise the small business size standards for businesses in five North American Industrial Classification System (NAICS) sectors. The federal agency’s proposed actions will increase small business eligibility across 70 different industries, opening them up to participation in the SBA’s robust […]
The U.S. Small Business Administration announced that 2,067 small businesses in Puerto Rico and the U.S. Virgin Islands were awarded $618.8M in federal contracts during Fiscal Year 2019. The information is included in the agency’s Fiscal Year 2019 Small Business Federal Procurement Scorecard, which confirms that $132.9 billion in prime federal contracts — 26.5% of […]
The U.S. Small Business Administration revealed it has guaranteed nearly 2,000 loans for between $150,000 and $10 million through its Payroll Protection Program in Puerto Rico, totaling a little more than $1 billion as of June 30. These loans are added to the nearly 36,000 SBA-backed loans of less than $150,000, which represent another $741.4 […]
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