Political Quotes

“as Chair of the Senate Committee on Small Business and Entrepreneurship, I remain focused on the needs of small businesses. Much of what we do on the committee involves overseeing the Small Business Administration's contracting, counseling, and capital programs, and we are always looking for ways to improve them. As our country slowly recovers the economic downturn, one of the most pressing issues facing small business owners is access to capital. In the past two fiscal years alone, the Small Business Administration, SBA, supported over $30 billion in loans to approximately 60,000 small businesses each year through its 7(a) and 504/CDC lending programs. As of September 2012, there were over 2,400 SBA lenders nationwide. While the SBA currently releases some information publicly about SBA lending activity, it is extremely difficult to find and comprehend if you are not an SBA lending professional. If a small business, mayor, or governor wants to determine SBA lending activity in their area, they lack the ability to do so easily. I come to the floor today to introduce a bill that would increase accountability at the SBA in its lending reporting activity. The Communicating Lender Activity Reports from the Small Business Administration, CLEAR SBA, Act would require the SBA to establish an online database to provide consumers with more transparent, user- friendly data about their local SBA lenders.…”