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March 24, 2025

Small Business Administration to reorganize, cut about 2,700 jobs

By MAE ANDERSON
AP Business Writer

NEW YORK — The Small Business Administration said it will cut its workforce by 43%, or about 2,700 jobs, as part of a reorganization.

The SBA was established in 1953 to offer resources to small businesses and helps administer small business and disaster recovery loans. It played a crucial role during the pandemic, helping distribute small business aid. Now the goal is to return to pre-pandemic staffing levels and cut some programs started during the Biden administration, said the new head of the SBA, Kelly Loeffler.


 
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