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?
 

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  • 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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