I have been critical of the 7(a) program because the portfolio basically shows that they are making the bigger loans, but loans less than $150,000 are the loans that are applied for by minority businesses and female business owners.
Criticizing the 7(a) loan program for not serving smaller loans needed by minority and female business owners.
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More from Nydia Velázquez
Let me remind you; when it comes to small businesses, there is not a republican or a democratic approach to it.
It is a disservice to our nation's small firms to oversimplify this issue, as a mere consequence of federal spending.
We have to break down the barriers that keep women, minority, and rural entrepreneurs from reaching their full potential.
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