May 9, 2025
Financial Assets

DOGE Details Major Changes to Small Business Loans: What To Know

Loans offered by the Small Business Administration (SBA) are now subject to new rules following Department of Government Efficiency (DOGE) work at the federal agency. Why It Matters The SBA guarantees loans for small businesses across the country, helping companies get funding by setting guidelines for loans and reducing lender risk. According to the SBA,

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Financial Assets

What happens to student loans if Trump abolishes Education Department?

Mixed reactions to Trump’s order to dismantle Education Department Residents in Columbia, Missouri, and New York City reacted to President Donald Trump’s executive order aimed at dissolving the Education Department. WASHINGTON — President Donald Trump signed a long-anticipated executive order seeking to eliminate the U.S. Department of Education, which he said was “45 years in

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Financial Assets

What we know about claims DOGE found $312M in business loans to children

On March 8, 2025, the Department of Government Efficiency announced (archived) on X that, during the COVID-19 pandemic in 2020 and 2021, the Small Business Administration — an agency describing its mission on its website as helping “small business owners and entrepreneurs pursue the American dream” — listed a child 11 or younger as the

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Financial Assets

When do student loans resume? What to know on college debt under Trump

Will the U.S. Department of Education be disbanded by Trump Administration? This video examines the historical foundation of the U.S. Department of Education, its mission to promote equal access and accountability in education, and the conservative-driven debate over its future. The Trump administration’s proposed cuts to the U.S. Department of Education have raised question by

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Financial Assets

How Phoenix Lender Services Is Helping Banks Crack the SBA Loan Market

Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making SBA loans. Chris Hurn aims to change that. By Brandon Kochkodin, Forbes Staff Small Business Administration loans are a great deal. They are federally guaranteed, profitable for banks, and a boon to

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