We were able in the Recovery Act to get a program where we increased our loan guarantees to 90 percent. Because we had that program, a bank wouldn't have to take that much risk. Karen Mills actbankguarantee Change image and share on social
We see entrepreneurship and small businesses and supply chains as a critical part of the economic growth and competitiveness agenda. Karen Mills agendumbusinesschain Change image and share on social
This is not a zero-sum game. We know that if we provide access and education, particularly where there are gaps in the market, we will create more jobs, we will create more growth, and we will create more activity in the U.S. market, which will be good for our economy. Karen Mills accessactivitycreate share on social
I recently had the opportunity to participate in Inc.'s first-ever 'Hire Power Awards' event in Washington, D.C. The event was a testament to the power of American entrepreneurship and the role that it plays in driving job creation and innovation in a wide array of industries. Karen Mills americanarrayaward share on social
I haven't checked this out yet, but one of our guys told me we have a counselor within 45 minutes to an hour of most small businesses in this country. That's really powerful. I call it our bone structure. Karen Mills bonebusinesscall share on social
I grew up in a family business... that really has provided the core of my belief in American small business, and in America's ability to grow and operate important businesses that can compete and be successful. Karen Mills abilityamericaamerican share on social
Small businesses have told us that having cash in their pocket is one of the primary things that they need. Karen Mills businesscashpocket Change image and share on social
The 2009 stimulus law got the ball rolling, allowing the agency to reduce and eliminate fees and raise loan guarantees to 90 percent of the total. I knew that we had the opportunity to use S.B.A. products to fill that gap in a rapid manner, as we ended up doing in the Recovery Act. Karen Mills actagencyallow share on social
I think we've learned that the S.B.A. plays a critical role in providing access and opportunity when the market is not providing that access. We help banks get that money out into the hands of important and viable businesses, particularly those owned by minorities, women, immigrants and veterans. Karen Mills accessbankbusiness share on social
We've gotten tremendous support. Everybody now understands how critical it is to help small businesses get out of this recession and into recovery. Karen Mills businesscriticalhave Change image and share on social