The U.S. Small Business Administration has immigration-friendly policies like Denver, one of several changes detailed by new SBA administrator Kelly Loeffler in Monday’s “first day” memo. Pull local offices out of the city.
“Moving especially towards main streets across the United States in rural areas, the SBA will move its local offices currently based in sanctuary cities to more expensive and accessible locations in federal immigration law-compliant communities.” The memo states.
Denver has SBA Region VIII covering Colorado, Wyoming, Montana, Utah, North Dakota and South Dakota. Denver Mayor Mike Johnston is a protester of the administration’s early voices and is likely moving.
Established in 1953, the Colorado District Office is located at the federally owned US Customs at 721 19th St., and the impact of departures on the city’s oversupply office market compared to the departures of federal tenants in rental spaces. It is even more limited.
The SBA office is directed to adhere to several other management priorities, including all full-time staff returning to the office, eliminating SBA diversity, equity, inclusivity and accessibility. Pause to the Green Render Initiative. And suspends all grants that “do not comply with President Trump’s executive order.”
Some of the other priorities that Loeffler laid out were:
Obtaining SBA assistance, improving customer service, and eliminating unnecessary regulations that reduce the set of disadvantaged businesses from 15% to 5% under the 8(a) contract program. The “Made in America” agenda to promote the scaling of innovative manufacturing and technology startups in the United States and the rebranding of the International Trade Bureau to the Department of Manufacturing and Trade. Perform agency-wide financial audits and reinstate agency dorm collection programs to address delinquency, defaults and billing off of various loan programs. Restricting “hostile foreigners” from accessing SBA support, especially those with ties to the Chinese Communist Party, and everyone is prohibited without appropriate permission to obtain SBA support. Masu. A zero-tolerance policy against fraud, including the establishment of fraud working groups and the establishment of fraudulent fraud, including identifying, suspending and appointing fraudulent ties on behalf of American taxpayers.
The SBA Inspector’s Office estimates that around 17% of the $1.2 trillion managed through the Paycheck Protection Program (PPP) and the Covid-19 Economic Injury and Disaster Loans (EIDL) Loan Program was obtained through fraud. The US Lawyer’s Office in Colorado was the leader in chasing cases of SBA fraud.
“From the first day, we will maintain the highest standards of accountability, performance and integrity that protects taxpayer dollars without wasting. Loeffler said it will streamline operations, promote efficiency and programmes “We’ll make sure we have real results.”
The SBA will work with participating lenders to ensure repayments on loans that are otherwise difficult to undertake, as well as emergency assistance to help small businesses float during disasters. In Colorado, the SBA issued 1,798 loans under the 7(a) program worth $936.7 million last year.
Original issue: February 25th, 2025, 1:02 pm EST
