Small Business Administration news and trends

KeyBank to Pay $7.77 Million to Settle PPP Fraud Allegations
Banking // January 07, 2026

KeyBank will reportedly pay $7.77 million to settle allegations that it sought forgiveness for fraudulent loans from the pandemic-era Paycheck Protection Program (PPP). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

New Congressional Bill Takes Aim at $335M in Small Business Lending Fraud
Loans // June 05, 2025

As tariffs loomed this spring, PYMNTS Intelligence found that obtaining financing was (and is) a difficult endeavor for smaller firms, which power the U.S. economy. Our surveys of small to medium-sized business (SMB) owners found that fully half of U.S. SMBs rely on their day-to-day...

US House Passes Bill Requiring Report on SBA Loan Program
Legal // June 05, 2025

The House of Representatives passed legislation Tuesday (June 3) that its sponsor said will combat fraud and improve transparency in a Small Business Administration (SBA) loan program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

SBA to Reduce Workforce by 43% and Focus on ‘Core Missions’
Personnel // March 21, 2025

The Small Business Administration (SBA) said Friday (March 21) that it will reduce its workforce by 43% and refocus its resources on its “core missions.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Interviews & Exclusives
New Congressional Bill Takes Aim at $335M in Small Business Lending Fraud

June 05, 2025
As tariffs loomed this spring, PYMNTS Intelligence found that obtaining financing was (and is) a difficult endeavor for smaller firms, which power the U.S. economy. Our surveys of small to medium-sized business (SMB) owners found that fully half of U.S. SMBs rely on their day-to-day revenue to stay afloat — and 7% of firms said […]

Entrepreneurial Agility and Innovation Could Make or Break SMBs’ Holiday Season

November 11, 2022
Recall the bleak summer of 2020, when you’d have thought Main Street small to medium-sized businesses (SMBs) would be extinct by year’s end. It was understandably pessimistic, but it didn’t...

How The SBA Helps SMBs Go Cross-Border

September 25, 2020
With Main Street small- to medium-sized businesses (SMBs) suffering through a downturn more ruinous than any in living memory, many that make it will do so by accessing new customers...

NEW DATA: The State Of Main Street Businesses Six Months Into The Pandemic

September 11, 2020
Sept. 11, 2020, marks 225 days since the coronavirus was first declared a pandemic on March 11, lasting longer than most of the businesses on Main Street U.S.A. ever expected...

Quick Reads
House Passes Bills Requiring SBA to Help Small Businesses Adopt AI

January 21, 2026
The House of Representatives passed two bills Tuesday (Jan. 20) that would require the Small Business Administration (SBA) to help small businesses adopt artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily […]

KeyBank to Pay $7.77 Million to Settle PPP Fraud Allegations

January 07, 2026
KeyBank will reportedly pay $7.77 million to settle allegations that it sought forgiveness for fraudulent loans from the pandemic-era Paycheck Protection Program (PPP). Get the Full Story Complete the form...

US House Passes Bill Requiring Report on SBA Loan Program

June 05, 2025
The House of Representatives passed legislation Tuesday (June 3) that its sponsor said will combat fraud and improve transparency in a Small Business Administration (SBA) loan program. Get the Full Story...

SBA to Reduce Workforce by 43% and Focus on ‘Core Missions’

March 21, 2025
The Small Business Administration (SBA) said Friday (March 21) that it will reduce its workforce by 43% and refocus its resources on its “core missions.” Get the Full Story Complete the...