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On the Issues
Small Business
One of the best ways for Congress to help speed the economic recovery
this country so desperately needs is to invest in the engines of
our economy, America’s small businesses. Small businesses have
been the number one creator of jobs in America for many years now,
and yet for some reason the White House and Republican House leadership
have proposed massive cuts to Small
Business Administration (SBA) programs.
As a member of the Appropriations committee, I helped lead the fight
against the Administration's effort to zero out the SBA’s flagship
7(a) lending program, which has traditionally supplied over 30% of
all small business loans in this country. Although the Administration
and Republican House leadership zeroed out funding for the program
last year, we recently managed to restore it in the House Appropriations
bill, and I will continue to work to ensure funding for 7(a) makes
it into the final House/Senate spending bill.
I have also fought to save the SBA Microloan program,
which is a key program for minority and very small business
owners. Small businesses are the backbone of our economy,
and I believe we should be doing all we can to ensure
that the SBA is fully funded and that our small businesses
receive the support they need.
Related Information
7(a) Loan Program |
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U.S. House of Representatives
2162 Rayburn Building
Washington, DC 20515
Phone: 202.225.1784
Fax: 202.225.2014 |
411 W. Chapel Hill Street
NC Mutual Building, 6th Floor
Durham, NC 27701
Phone: 919.688.3004
Fax: 919.688.0940 |
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Suite 205
Raleigh, NC 27607
Phone: 919.859.5999
Fax: 919.859.5998 |
88 Vilcom Center
Suite 140
Chapel Hill, NC 27514
Phone: 919.967.7924
Fax: 919.967.8324 |
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