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At Business Funding Group LLC (BFG), we specialize in Small Business Administration (SBA) loan packaging for profitable and established businesses such as yours. We can help you understand recent changes and how they may affect your eligibility for SBA financing.
Read on for the latest from the SBA newsroom and see how current events from June and July 2025 could impact your business!
SBA Joins Partnership To Support Domestic Manufacturing
First up from our newsroom, on July 16, the SBA partnered with the Department of Labor (DOL) via a new Memorandum of Understanding (MOU) aimed at boosting domestic manufacturing.
Why Does This Matter?
The new MOU means that firms in manufacturing-adjacent sectors may be eligible for new funding or training opportunities. In addition, employers planning to invest in equipment or workforce development may find added leverage in SBA-backed loans. We can help you assess your eligibility, refine your projections, and incorporate the outcomes into your SBA application!
SBA Launches Center for Faith
On July 14, the SBA lifted a previous disaster-relief ban on faith-based organizations and launched a new Center for Faith.
How could this impact your business? Firstly, the SBA’s decision could benefit businesses with religious affiliations who were previously ineligible for SBA disaster relief loans. In addition, the decision to include religious groups could signal future openness to other business categories that do not currently qualify for SBA loans.
SBA Administrator Visits Texas With President Trump for Storm Response
On July 11, SBA Administrator Kelly Loeffler hit the news when she met with Texas officials to offer SBA assistance after severe storms and flooding, demonstrating the SBA’s commitment to rapid response to regional events.
Businesses affected may be eligible for expedited loan processing. The eligible counties for disaster relief include:
- Kerr
- Bandera
- Edwards
- Gillespie
- Kendall
- Kimble
- Real
Disaster loan terms typically have longer repayment terms and lower interest rates. We can help you to verify your status, document business interruptions, and process your loan application quickly.
Op‑Ed on Hurricane Season Preparedness
In late June, the SBA published an op-ed urging businesses to prepare for hurricane season, suggesting proactive protection measures.
If you are a business owner in a hurricane-prone area, this is newsworthy because disaster readiness can strengthen your SBA loan case by demonstrating responsible business practices. We can help you develop a resilience plan that will meet the requirements of potential lenders.
What Do These Updates Mean for Business Owners?
These news updates signal opportunities and adjustments in SBA programs that may affect your loan eligibility:
- An MOU with the DOL and the new Center for Faith signals the SBA’s interest in supporting diverse business models
- Extending eligibility to faith-based groups hints at further flexibility in the future
- The SBA is increasingly interested in supporting regional initiatives with local disaster loans
- Having a proactive disaster readiness plan reflects well on your business
- More businesses can benefit from the new eligibility criteria
Your business may now be eligible for an SBA loan, even if it was not previously eligible. Start gathering documentation early on to avoid delays if you need to make an application in the event of a disaster, when things are evolving rapidly.
Contact BFG Today To Discuss How We Can Support Your SBA Loan Application
Contact us today to explore how any event from this SBA Newsroom: June-July 2025 roundup affects your business. Stay informed, meet requirements, and take advantage of SBA opportunities.
We help businesses align their funding goals with current SBA criteria. Give us a call to get started or fill out our fast and simple application online.
