Small Business Finance News

SBA Says There Are 'many Problems To Solve'

Written by Jenna Weiner
Published: 8/30/2010

Administrator Mills says SBA-backed development centers can help small business owners.

Karen G. Mills, head of the U.S. Small Business Administration, said in an interview with USA Today the government had "many problems to solve," when it came to helping small businesses.

Entrepreneur Money and Results

Mills made the news for entrepreneurs after calling attention to ways that her organization was trying to help the small business community. She said that the SBA was setting up centers all over the country in order to help in every step of business operations.

"We actually have (about) 900 Small Business Development Centers around the country. They're getting the small business owner to rethink their business plan to meet these economic times," Mills told Laura Petrecca of USA Today. "They're getting them to a community bank and access to capital that might help them."

Mills also addressed concerns that some had over SBA loans being given to non-small businesses. She said that "closing down on fraud, waste and abuse" was one of her agency's biggest priorities.

The SBA was in the news recently after it named Dr. Winslow Sargeant as its Chief Counsel of Advocacy. Sargeant previously worked for a venture capital company in Wisconsin.

Share this article


About Our Business News for Entrepreneurs

Our small business news site is packed with useful information for small business startups and entrepreneurs. Learn about the latest business news and financial news concerning the market and the economy.

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities


Business Glossary