Administrator of the Small Business Administration, Kelly Loeffler, speaks during a press conference in Washington on Oct. 27, 2025. Madalina Kilroy/The Epoch Times
The Small Business Administration (SBA) ordered all 8(a) Business Development Program participants to produce financial records amid concerns the initiative is riddled with fraud and abuse, the agency said in a statement released on Dec. 5.
The 8(a) program seeks to help small business owners, considered socially and economically disadvantaged, to develop and grow operations through training, workshops, and guidance. Moreover, program participants gain access to contracting opportunities in the federal marketplace.
