
SBA Announces New Working Capital Pilot Program and Regulatory Considerations
The Small Business Administration (SBA) has announced several significant updates. On July 30, the SBA stated it is considering prohibiting Mentor-Protégé Joint Ventures from competing for multiple award contracts. Additionally, the SBA is introducing a new Working Capital Pilot Program with a start date that is fast-approaching. On July 31, the agency addressed issues related to a Covid-19 relief program by turning to bankrupt borrowers. Furthermore, the FAR Council has proposed a rule to implement SBA Mentor-Protégé incentives for Puerto Rico, the U.S. Virgin Islands, and other U.S. territories.
Sources
Phoenix Business JournalA start date has been set for the Small Business Administration's new Working Capital Pilot Program — and it's fast-approaching. https://t.co/QKUBJMiECM https://t.co/kzOppRvQ3m
South Florida Business JournalA start date has been set for the Small Business Administration's new Working Capital Pilot Program — and it's fast-approaching. https://t.co/xc44SFg7xq https://t.co/byYIrGRGlX
San Francisco Business TimesA start date has been set for the Small Business Administration's new Working Capital Pilot Program — and it's fast-approaching. https://t.co/21ZMCHpMeb https://t.co/c5TI965sGD
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