Senator Olympia Snowe on Change at the SBAJeremy Quittner
The Small Business Administration, with its loan programs, coaching, and educational curriculum is vital to the nation’s small businesses. That’s particularly true now, with the U.S. economy in full recession. But under the Bush administration, the agency has languished, and both its budget and staffing have been gutted. It’s flag-ship 7(a) lending to small businesses has also fallen off a cliff. I recently had this email exchange with Senator Olympia Snowe (R-Maine), Ranking Member of the U.S. Senate Committee on Small Business & Entrepreneurship, about what needs to change:
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