The Small Business Administration (SBA, sba.gov) is the only federal agency whose exclusive mission is to aid, counsel, and protect the interests of small businesses. It should get a much bigger budget and its programs should be greatly expanded.
Unfortunately, the Trump administration has cut its budget and staff and plans to burden it with the $1.7 trillion dollar student loan portfolio, perhaps setting it up to fail.
We recently asked perplexity.ai about the Trump administration’s impact on the SBA
“The Trump administration has proposed and undertaken significant budget cuts to the Small Business Administration (SBA). The FY 2026 budget proposal includes a 33% reduction to the SBA’s budget—a decrease of approximately $287 million compared to the previous year—which would reduce the SBA's discretionary resources to about $700 million.”
“The proposal specifically calls for the elimination of 15 entrepreneurial development programs, including key support programs such as Women’s Business Centers (WBCs), the SCORE mentoring network, the State Trade Expansion Program (STEP), and Veterans Business Outreach Centers (VBOCs). These cuts mean the closure of more than 150 WBCs, 250 SCORE chapters, and significant reductions in veteran support resources.”
“Additionally, the Trump administration announced a 43% reduction in SBA staffing, resulting in the loss of approximately 2,700 positions, and reorganization efforts that further restrict access to technical assistance and capital for entrepreneurs, particularly impacting women, veterans, and minority-owned businesses.”