SBA Chief Karen G. Mills on the Small-Business Lending Comeback

Senior Entrepreneurship Writer at CNBC
min read

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.

More from Entrepreneur

Grow Your Business at Entrepreneur LIVE! Join us on Nov. 16 in Brooklyn, NY, to learn from legends like Danica Patrick and Maria Sharapova, pitch our editors, meet with investors, and potentially walk away with funding!
Register here

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.