Just like the small business owners we support, we must do more with less,” SBA Administrator Kelly Loeffler said.

With 40 million borrowers relying on these loans, the SBA’s new responsibilities have triggered widespread concerns about the future of the U.S. student loan program. The announcement ...

The SBA last month announced plans to eliminate 43 percent of its workforce. That works out to approximately 2,700 jobs. The agency said the cuts would come through voluntary resignations ...

The Small Business Administration is preparing to cut 43% of its workforce, citing Elon Musk’s Department of Government Efficiency as the impetus behind the employee terminations.The agency, which ...

President Donald Trump announced the Small Business Administration would be taking over management of the student loan portfolio on the same day the agency announced sweeping job cuts (REUTERS ...

The SBA was established in 1953 to offer resources ... the expiration of COVID-era and other term appointments, and some job cuts. The layoffs at the federal agency are part of a larger campaign ...

The Small Business Administration (SBA) plans to cut more than 40 percent of its workforce amid an agency-wide restructuring, it announced Friday. The agency will cut about 2,700 positions out of its ...

Challenger estimates 497,052 job cuts were announced in the first three months of the year—the highest quarterly total since Q1 in 2009, during the Great Recession. Outside of the government and ...

Elon Musk has thrown his weight behind the U.S. Small Business Administration's (SBA) new fraud-prevention policy, which now requires loan applicants to provide their date of birth. The Department of ...