SBA Chief Karen G. Mills on the Small-Business Lending Comeback
Get the working capital your business needs–learn more about Entrepreneur Lending, powered by CAN Capital »
Entrepreneur's Catherine Clifford speaks with U.S. Small Business Administration Chief Karen G. Mills about the lending climate for small companies in the U.S. In 2011, the SBA guaranteed more than $30 billion in loans to small businesses, a record for the agency.
The milestone points to gaps in the credit market for small companies, according to Mills. The good news, she says, is that it also signifies that there are a large number of healthy companies coming out of tough times that qualify for SBA-backed loans.