19-05-2025
Big Government Changes Are Coming for Small Businesses — What You Need to Know
The Trump Administration has recently announced sweeping changes to the Small Business Administration (SBA) — and many of them could directly affect your business. From staffing cuts to rising loan fees, these shifts may alter how entrepreneurs access funding and support. Below are the five changes I believe will have the greatest impact on my clients — and what you need to know to prepare.
1. Scaling back employees, focusing on fraud
One of the first announcements coming out of the Agency was its plans to reduce its workforce by 43% and focus more on fraud. Despite these cutbacks, SBA Administrator Kelly Loeffler says that core services to the public, including the agency's loan guarantee and disaster assistance programs, as well as its field and veteran operations, will not be impacted. The agency will be focusing on Covid-era fraud claims that are causing rising defaults and delinquencies, as well as negative cash flow.
