WASHINGTON, Nov. 13, 2023 (GLOBE NEWSWIRE) -- On Tuesday, November 14, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s cabinet for America’s 33 million small businesses, will visit New Orleans as part of the Biden-Harris Administration’s Investing in America tour to discuss how the SBA is supporting entrepreneurs and expanding access to capital in Louisiana and across America – particularly for minority-owned small businesses.
Administrator Guzman will meet with the owners of a local Black-owned coffee shop, then attend the National Association of Development Companies (NADCO) NOW Conference to speak with lenders delivering SBA’s signature 504 loans and financing for small businesses. The NOW Conference is closed press.
Administrator Guzman will highlight how President Biden’s Investing in America economic agenda has led to a historic small business boom, with 14.1 million new small business applications nationwide since the President took office – including over 129,000 in Louisiana. Under the Biden-Harris Administration, the share of SBA lending going to minority-owned small businesses through its signature 7(a) and 504 capital access programs has grown from 23% to 32%, and lending to Black-owned small businesses has doubled.
MEDIA RSVP: All times are local; specific location information will be provided upon RSVP to this link.
Tuesday, November 14 – New Orleans, Louisiana
Visit to Black-Owned Small Business
WHO: SBA Administrator Isabel Casillas Guzman
WHEN: 10:15 a.m. CST
WHERE: Location details sent upon RSVP to this link.
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About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit sba.gov.
Christine Saah-Nazer U.S. Small Business Administration 202-756-0304 christine.saahnazer@sba.gov
