Tag Archives: small business

SBA Launches PPP Tool to Connect Borrowers with Lenders; Jovita Carranza Quoted

Jovita Carranza

Jovita Carranza, Small Business Administration (SBA) administrator, has launched an online tool for small businesses and nonprofits to be matched with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), Farm Credit System lenders, Microlenders and traditional smaller asset size lenders in the Paycheck Protection Program (PPP), SBA announced on Monday.  

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James Geurts: Navy Eyes More ‘Tech Bridges’ to Advance Collaboration With Nontraditional Vendors

James Geurts

James “Hondo” Geurts, assistant secretary for research, development and acquisition at the U.S. Navy and a 2020 Wash100 Award winner, said the service is increasing the number of technology collaboration centers to 12 to create networks, facilitate collaboration and award contracts to nontraditional defense contractors and small businesses, FedScoop reported Tuesday.

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Sen. Elizabeth Warren Wants Pentagon to Shed Light on Increased Progress Payment Rates

Sen. Elizabeth Warre

Sen. Elizabeth Warren (D-Mass.) has asked the Department of Defense (DoD) to answer some questions about the increased progress payment rates for contractors. DoD released a memo in March that increases the progress payment rates to 90 percent for large businesses and to 95 percent for small businesses in an effort to ensure cash flow into the industrial base during the coronavirus pandemic.

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DoD Hosts Events to Protect Small Firms From Adversarial Capital; Jennifer Santos Quoted

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The Department of Defense has increased engagement with small businesses through webinars, virtual Trusted Capital Marketplace activities and regular teleconferences with trade groups to protect such businesses from “adversarial capital” offered by foreign rivals during the coronavirus pandemic, FCW reported Monday.

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Julie Dunne Offers Updates on GSA’s E-Commerce Initiative, Alliant 2 Small Business Contract

julie-dunne-offers-updates-on-gsas-e-commerce-initiative-alliant-2-small-business-contract

Julie Dunne, commissioner of the General Services Administration's (GSA) Federal Acquisition Service, said FAS is now moving forward with the e-commerce marketplace initiative after delaying the program during the first few weeks of the coronavirus pandemic, Federal News Network reported Friday.

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L3Harris Allocates $100M in Accelerated Payments to Support Small Business Suppliers Through COVID-19 Challenges; William Brown, Evan Cramer Quoted

l3harris-allocates-100m-in-accelerated-payments-to-support-small-business-suppliers-through-covid-19-challenges-william-brown-evan-cramer-quoted

L3Harris Technologies announced that it will contribute more than $100 million in payments to small business suppliers nationwide to support the companies that play a critical role in sustaining regional economies and ensure the nation’s security, the company reported on Friday.

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Maria Roat: SBA Addresses Cyber Threats Amid Response to COVID-19 Pandemic

maria-roat-sba-addresses-cyber-threats-amid-response-to-covid-19-pandemic

Maria Roat, chief information officer at the Small Business Administration (SBA) and a 2020 Wash100 Award winner, said SBA’s security operations team is implementing SBA Connect authentication for new capabilities and performing penetration testing to address data security issues during the coronavirus pandemic, FedScoop reported Thursday.

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