Small Business Majority Calls on Congress to Robustly Fund Small Business Support Programs

Washington, D.C. — Small Business Majority has asked Congress to allocate meaningful funding for a host of small business support agencies and programs in its FY 2027 budget including the U.S. Small Business Administration, Community Development Financial Institutions (CDFI) Fund, and Minority Business Development Agency (MBDA).  

In a letter sent today to appropriators in the U.S. House of Representatives and U.S. Senate, Small Business Majority called on Congress to authorize:

• $330 million for SBA’s Office of Entrepreneurial Development, including $30 million for the Women’s Business Center development program, at least $150 million for the Small Business Development Center program and $41 million to support the Microloan Technical Assistance program;

• $324 million for the CDFI Fund, which helps provide critical support to the more than 1,400 community organizations nationwide that offer tailored lending products and counseling to millions of small businesses – particularly those that may experience barriers in accessing capital through traditional financial institutions; 

• $50 million for MBDA, the only agency with a mission to support minority business development; and

• Increased funding for the U.S. Federal Trade Commission to protect small businesses from anticompetitive practices that stifle small business innovation and growth.

Small Business Majority’s request comes on the heels of a recent administration proposal that calls for the gutting of small business agencies and support programs, including a 67% reduction in SBA funding for FY27. These requests were mirrored in the SBA’s FY27 budget justification to Congress.   

Additionally, Small Business Majority asked that Congress prohibit funding for new SBA policy guidance barring access to 7(a), 504, Surety Bond and Microloan programs for businesses owned in part by non-citizens who are lawfully in the country, including legal permanent residents (green card holders).

“Due to a combination of rising healthcare costs, global tariffs and workforce pressures driven by escalating immigration policies, the challenges facing small businesses have never been greater,” said Small Business Majority Senior Director of Federal Government Affairs Alexis D’Amato Falvey.  “Now more than ever, Congress must prioritize allocating substantial funding for programs with a long-standing track-record of providing established pathways to capital, technical assistance, and growth opportunities for the small businesses that are the economic engines of our nation.”