I worry about whether SBA programs are still doing what they are meant to do - support lenders who fund good business startups and good expansion plans.
Sentiment: NEGATIVE
The SBA should be redirected to focus on its core missions of capital access, contracting, and counseling, while reducing duplication, overlap, and wasteful spending. Doing so will greatly improve its ability to better advocate for small businesses.
One of the most important tools we have at the Small Business Administration (SBA) to reach high growth entrepreneurs is the Small Business Investment Company (SBIC) program.
I want to take a close look at the SBA to see what works, what doesn't, what is duplicative, and what isn't even being utilized. We'll focus on what they do well and strengthen those areas.
I would like to see additional funding for entrepreneurial development programs.
Some big banks remain wary of venture capital.
Banks are there to support businesses that have justifiable needs.
I'm all in favor of banks that play their part in community endeavors, private individuals looking for loans, people who want to start up a little business, and that's what banks are for.
With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.
The more entrepreneurs in the world that are getting their ideas financed, the more great companies there are going to be that we can all invest in.
I have no preconceived notions of what SBA programs work or not.