FOR IMMEDIATE RELEASE

Media Contact
Janel Knight Trulear
janel@emccommunications.com

(617) 875-6581

New SBA administrator confirmed at key moment for America's entrepreneurs

Statement by Small Business for America’s Future co-chair Shaundell Newsome, founder of Sumnu Marketing 

Feb. 19, 2025— "Today’s confirmation of Kelly Loeffler as Administrator of the Small Business Administration (SBA) comes at a key time when small business owners are navigating unprecedented opportunities. In fact, with record numbers of Americans starting new businesses while still facing hurdles in managing the complex tax code, accessing capital, and high healthcare costs, the SBA is essential for developing effective solutions that help Main Street entrepreneurs succeed."

"The role of SBA Administrator is important as these new and existing small businesses shape our economic future. As major drivers of the economy, small businesses have generated over 70% of the nation's net new jobs since 2019. Supporting their growth helps individual business, their workers, and the communities they serve. 

"Central to our policy agenda are several key priorities that require immediate attention:

• Healthcare Affordability & Access With 81% of small business owners reporting that healthcare costs significantly impact their bottom line, we need solutions that create a more competitive, transparent healthcare market. Nearly 24 million Americans now rely on ACA plans, making it crucial to strengthen and expand these vital programs.
• Tax Reform The upcoming expiration of Tax Cuts and Jobs Act provisions presents an opportunity to create a tax code that truly works for small businesses. Our surveys show 80% of small business owners couldn't hire new employees or invest in their businesses under the TCJA. We need tax policies that genuinely support small business growth.
• Access to Capital Small businesses face major hurdles to obtaining loans and investments to finance their growth, particularly in underserved communities. We need stronger financial protections and expanded SBA loan programs for the smallest businesses.

"We look forward to finding ways to engage with Administrator Loeffler & the SBA to ensure these priorities remain at the forefront. The success of Main Street entrepreneurs is critical to building lasting economic prosperity for all Americans."

To request an interview with Small Business for America's Future Co-chair Shaundell Newsome contact Janel Knight Trulear at janel@emccommunications.com or 617-875-6581.

About Small Business for America's Future

Small Business for America's Future is a national coalition of small business owners and leaders working to provide small businesses a voice at every level of government. We're committed to ensuring policymakers prioritize Main Street by advancing a just and equitable economic framework that works for small business owners, their employees and their communities. Visit www.smallbusinessforamericasfuture.org. Follow us on Twitter and Facebook. #SmallBizAF