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
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
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 really accomplished what we set out to do with the Recovery Act programs, which was to fill the lending gap created by the crisis. Karen Mills accomplishactcreate Change image and share on social
As you probably know, half of the people who work in this country work for small businesses. And it's more than that, because two out of every three net new jobs come from small business. So we mean it when we talk about small business being the engine for the economy. Karen Mills businesscountryeconomy share on social
It's not government that creates jobs; it's small business. Our job is to make sure they have the access to capital, the access to contracting opportunities, and the help, advice and mentoring that they need to go out and be successful. Karen Mills accessadvicebusiness 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
We are not going to be the agency where large businesses can masquerade as a small business and get a contract. We are closing down on fraud, waste and abuse. Karen Mills abuseagencybusiness Change image and share on social
The S.B.A. does not lend directly to businesses, but instead backs loans to encourage banks to invest in small businesses as part of a nearly $90 billion portfolio. Karen Mills backbankbillion Change image and 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
