Is the new SBA Administrator Already Failing America's Business Owners and Entrepreneurs?

  18 comments

18 Responses to “Is the new SBA Administrator Already Failing America's Business Owners and Entrepreneurs?”

1. Chris Hobel Says:
   June 2nd, 2009 at 10:37 am

   i expect like tim geitner- kim mills is the wrong pick for this position. id also like to add with small businesses dropping like flies and many more business and ppl making under 250k per yr where is the obama dumonomics gonna get tax review? from the 75k plus a year group?

   heres my plan any major businesses like aig gm that fail let 'em and sell off assets to highest bidder in the small bizness arena in america( never out source your product to foreign hands) im sure there are some wunderkinds in the small business arena that are fiscally savvy enough to revamp , mainstream these tired titans of yesterdays industries.

   i bet karen mills shows up as a regular at the white house weds parties with stevie wonder and other kiss ass celebs.

2. John Konevich, Alliance Capital Funding Says:
   June 2nd, 2009 at 10:39 am

   Chris:

   Thanks for sharing Bob's article and your thoughts. As you both articulated, small business is the backbone of our nations economy. The SBA Programs and it's participating lenders have stimulated the economy for years by making capital available to the marketplace. The new administrator has a unique opportunity to be a advocate and friend of small business. By not getting up close and personal with those lenders that have fought tirelessly for small business at the recent NAGGL conference is appalling. We don't need a figure head in this time of crises. We need someone who is not afraid to roll up their sleeves and keep our business owners open for business.

   Thanks for your continued support of the SBA programs and small business owners throughout the U.S.A

   John Konevich, Principal
   Alliance Capital Funding Group LLC
   Boston, MA

3. O Nikos Says:
   June 2nd, 2009 at 11:08 am

   I've never had the pleasure of meeting Bob in person (just over the phone) but after watching the videos I know I would hit if off with him.

   Go Bob, keep telling it how it is! I know with Chris we have two great people fighting on the side of the good guys!

4. Howard Levine Says:
   June 2nd, 2009 at 11:58 am

   "America's businesses are working harder than ever to stay in business and trying to get ahead these days, why should we expect anything less from our civil servants?"

   Chris,

   Because they have absolute job security, safe salaries, medical, pension, 4 weeks a year vacation, and more percs the higher the position. They really are not involved!

5. Cathy McNeil Says:
   June 2nd, 2009 at 12:00 pm

   Thanks for these updates I always enjoy reading.

6. Stephen Bittel Says:
   June 2nd, 2009 at 12:01 pm

   Chris I know karen well personally and suggest the issue is the banks. The fed keeps telling them to build up capital and not lend as leadership talks of loosening credit

7. Marie Paulsen Says:
   June 2nd, 2009 at 12:01 pm

   Thanks for your very informative information. Keep it coming. Marie

8. Daryl Sue Says:
   June 2nd, 2009 at 12:03 pm

   Thank you- what an unbelievable story.

9. Chuck Blakeman Says:
   June 2nd, 2009 at 12:06 pm

   Thanks for emailing my company - I'm a big small business advocate and believe the SBA is one of the greatest hindrances to small business growth in America. I panned this selection as well in a few other forums, but the real issue is the "client base" of the SBA, which now constitutes 99.93% of all businesses (27 million are "small" by SBA standards, under 500 employees, 17,000 are large, there is not mid). That's like defining short people as anyone under 7' 6" tall, or 99.93% of the population.

   Following is my ongoing help to small businesses. http://blog.teamnimbuswest.com. I have a book coming out on the subject in the late summer or early fall.

10. Chris Hurn Says:
    June 2nd, 2009 at 12:12 pm

    Stephen –

    Thanks for your response. If you do know Karen well, please feel free to pass on my comments. I don"t mean them maliciously, but I do mean them critically. She may be in a difficult, even thankless position, but I know there"s a lot more she could be doing — including putting more pressure on the banking community. Perhaps even bringing to life that we have a banking regulatory environment telling banks one thing (and can put them out of business if they don"t comply) and a real world environment requiring their help in bringing about solutions to get us out of this mess. The real story of the credit markets in times like these aren"t being told because bankers are too scared of the regulators and think it"s too technical for the average person to comprehend. Karen has an opportunity to lead the change that"s needed. That was really what I"m trying to convey in my criticism. Again, thanks for commenting. Take care.

    Chris

11. Chris Hurn Says:
    June 2nd, 2009 at 12:16 pm

    Thanks for your comments, Chuck. I agree with your analogy, but disagree with your conclusion. The SBA doesn"t have to be a hindrance, but sadly in the past it has been. I think it has the potential to be a great force of help and good for America"s small businesses, but it has to believe it can. It has a mindset and a leadership “issue” in my opinion – things that can change, but often don"t.

12. Jamie Says:
    June 2nd, 2009 at 2:19 pm

    Good job! Someone needs to do something before it's too late.

13. Michael Sabler Says:
    June 2nd, 2009 at 3:07 pm

    Amen Chris! Jobs created by small businesses add value to our lives where government jobs just create a burden to the taxpayer with no added value.

14. Joel Says:
    June 2nd, 2009 at 3:07 pm

    Close down the IRS,put a cap on government spending,end eminent domain,implement the Fair Tax. www.fairtax.org

15. Andy Kron Says:
    June 3rd, 2009 at 8:42 am

    we keep telling each other how inportant small buisness is to the economy. Unfortunatly as we see
    the current administration has no interest in
    private industry or ownership. This is what we
    must start undrstandin and ajusting to.

16. Braudis Pegram Says:
    June 5th, 2009 at 9:30 am

    Chris, thanks for your email. I find your post and comments, and the comments of others before me, both humorous and poignant. As always, and this time with a Bob Coleman assist, you"ve scored. Unfortunately, some are critizing the Administration for the negligence of those who have been appointed by the Administration. No Administration that I can remember has ever been disinterested in private industry or ownership; and the perception that we should adjust to this misconception bespeaks fatalism.

    Though I do not suggest that we apathetically sit on our hands like Karen Mills appears to be doing, I do advocate that we support the Administration while making it difficult for people like her as well as lending partner un-cooperatives, to persistently posture or try to maintain the status quo. I think this forum, and others like it, are an integral part of that movement.

17. Willis Kettrell Says:
    June 8th, 2009 at 9:25 am

    Chris:

    Thank you for insight.

    What can I do as a Broker?

18. Yna Says:
    June 9th, 2009 at 5:35 am

    Hi Chris,

    Thanks for this very Informative article, great insight.

    Yna
    -Use SuFaq for automated customer support online.

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