The Small Business Administration (SBA) has made headlines in the past week announcing they will be reducing their workforce by 43% as Trump’s administration continues to make waves in Washington with DOGE’s efforts.

In a press release from the SBA on Friday, March 21st, in pursuant to Trump’s Executive Order from February, the SBA plans to undergo an agency-wide reorganization.

“To return to its founding mission of empowering small businesses, and to restore accountability to taxpayers, the agency will reduce its workforce by 43% – ending the expansive social policy agenda of the prior Administration, eliminating non-essential roles, and returning to pre-pandemic staffing levels.”

The SBA was at the center of the COVID-19 pandemic, working to facilitate the Paycheck Protection Program loans as part of the CARES Act, which in turn grew the agency more than double over a two-year period.

Newly appointed SBA Administrator Kelly Loeffler said in a statement that the agency will return to its core mission as a “launchpad for America’s small businesses,” that gives small companies access to capital.

“Just like the small business owners we support, we must do more with less,” Loeffler said.

As a small business owner you know how important it is to stay focused on your mission. If you’re in need of financing to get you to the next level, look no further than the SBA 7(a) loan program.