Chop the SBA?

February 9, 2011
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The Small Business Administration is in for scrutiny as Congress looks to cut costs and make at least a cursory attempt to reign in the budget deficit.

As noted in this New York Times blog, two senators—Mary Landrieu, a Louisiana Democrat, and Olympia Snowe, a Republican from Maine—are asking the SBA to scrutinize how it can save money without torpedoing the agency’s mission. Others in Congress are asking similar questions.

The loans are popular here. Lending subsidized through the SBA boomed by 30 percent last year, IBJ reported.

What are your feelings about the SBA? On one extreme are folks who feel the agency should get far more resources than it does to help small companies, and at the other are purists who would eliminate subsidies of any kind.

Is the SBA effective?

  • SBA is currently keeping America afloat
    If the SBA weren't around, the backbone of this country, small business owners, would not survive and our country would be in even more turmoil. I can't tell you what the failure rate of SBA loans are, I don't have that info; but, I CAN tell you that our company would not be able to generate property tax and sales tax on 7 locations and $20 million in sales, nor employee 800 people in an economy where jobs are a premium. Do all the analysis you want of the SBA lending system; but, it is the one institution in this world that is still lending to people like me. And, I think the United States needs a lot of independent entrepreneurs like me to drive our economy forward...

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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.