Political Quotes

“today I am introducing the Small Business Intermediary Lending Program Act of 2014. This bill would make permanent a successful small business financing program which provides startups and growing small businesses with access to capital. As a long-time member of the Small Business and Entrepreneurship Committee, I have been a strong supporter of efforts to help small firms expand and thrive so they can create jobs and grow the economy. The need for creative and effective ways to expand access to capital for small businesses is greater than ever. According to a study issued by the Brookings Institute in May, entrepreneurship is experiencing a troubling decline in the United States, a trend the authors document over the last 30 years, across all 50 States and almost all metropolitan areas. They conclude that we need to pursue policies that better foster entrepreneurship if we want to create more jobs. One way we can foster entrepreneurship and address the lingering unemployment affecting so many of our communities is to make permanent the Small Business Intermediary Lending Pilot Program. I proposed and helped enact the Intermediary Lending Pilot Program into law in 2010. Over the last three years, the program has provided loans of $1 million to nonprofit intermediary lenders to make small to mid-sized loans to small businesses.…”