SBA Administrator Sees Climate Shift in U.S. Business
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The administrator of the U.S. Small Business Administration believes the climate surrounding smaller employers is shifting. During a studio interview with Gerry Dick, Karen Mills says many small businesses are now seeking loans to help grow their operations, compared to a few years ago when access to capital was needed just to stay afloat in the rough economy.
Mills was in Indianapolis this week to discuss ways small business can improve access to the supply chains of larger corporations. She says the SBA is working with large companies such as Eli Lilly and Company (NYSE: LLY) to remove barriers to such access.
She says she hopes Congress will pass the American Jobs Act, specifically the provision that will reduce the payroll tax for small businesses.
Mills says 2011 has been a great year for the SBA, including a record year for small business loans.