White House’s Proposed Budget Slashes SBA Funding by 67 Percent

Some critics argue that reducing the Small Business Administration’s budget from $1 billion to $329 million would effectively dismantle the agency that serves the country’s 36 million small businesses.

BY MELISSA ANGELL, SENIOR STAFF WRITER @MELISSKAWRITES

Illustration: Inc; Photo: Getty Images

The White House’s proposed budget for the next fiscal year would cut the Small Business Administration’s funding by 67 percent and gut numerous small business-friendly programs.

The White House earmarked $329 million for the SBA’s budget for fiscal 2027, a startling difference compared with the $1 billion the agency, which is tasked with serving the country’s 36 million small businesses, received the prior fiscal year.

In cutting $671 million from the SBA’s proposed budget, the White House seeks to severely cut entrepreneurial development........

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