Chop the SBA?

February 9, 2011
Back to TopCommentsE-mailPrintBookmark and Share

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...

Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.