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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?