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Report: SBA Staffing Cuts Reduce Service to Entrepreneurs

  • Staffing cuts at the Small Business Administration (SBA) are making it harder for entrepreneurs to access assistance.
  • SBA's staffing level has dropped from nearly 10,000 during the pandemic to 6,000 by the end of the Biden administration, with another 2,700 cuts announced in March.
  • Calls to the SBA's COVID-era disaster loan program remain unanswered, and fraud investigation team has been fired due to these cuts.
  • SBA has tightened underwriting standards, eliminated hardship accommodations, and refocused resources on core missions amidst workforce reduction.

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