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In October 2008, when the credit crunch hit, small businesses were really crushed by the lack of capital.

Karen Mills

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Karen Mills
Age: 71
Born: 1953
Born: September 14
Politician
Karen Gordon Mills
Karen G. Mills
Credit
Small
Really
Crunch
October
Crushed
Businesses
Capital
Lack

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After four years as Administrator of the SBA, I have let President Obama know that I will not be staying for a second term. I will stay on until my successor is confirmed to ensure a smooth and seamless transition.
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Health care is the No. 1 concern of small businesses and the status quo is untenable.
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The morale when I came in was not the best. It was because the agency had not been valued.
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I saw the S.B.A. with just enormous potential, and that's what I told the president - this is really a jewel.
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Small businesses are really the engine in the economy.
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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.
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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.
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Small businesses, you can give them capital, but what they often need as much is mentoring, advice and help with their business plan.
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We don't want to give a business that is not going to come through the troubled waters a loan that they can't pay back.
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Small businesses want things streamlined, and one of the great successes we're having is less paperwork, faster turnaround times.
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