255: Trump Just Shook Up SBA Programs—Here’s What It Means for You!

Ever been burned by finance companies, I know I have. So often as small minority owned businesses we do not get the best rates, offers or just out right get taken advantage of because of what we don’t know. Thanks to our new partner, Encore Funding we are now bringing you a trusted source for government contract financing. With more than $500M in funding going to minorities alone in 2024 Encore is here to support your business. Visit encoregov.com for information on how to apply.  In this episode, I break down the latest executive orders from President Trump following his 2025 election victory and what they mean for small business owners in the federal space. There’s a lot of confusion surrounding the recent elimination of DEI initiatives and how it impacts SBA programs like HUBZone, 8(a), and Women-Owned Small Business certifications. I clarify the difference between DEI policies and federally mandated small business programs, which are protected under the Small Business Act—not subject to a simple executive order. Plus, I share why a shrinking federal workforce could mean more contract opportunities for small business owners like you. I also dive into some powerful statistics from 2023—over $700 billion spent in federal contracts, with $180 billion going directly to small businesses. Despite concerns about policy shifts, government spending is only expected to increase, especially in areas like AI, cybersecurity, and disaster recovery. Now is the time to position yourself for success, connect with key decision-makers, and seize the opportunities that are opening up in this evolving market.