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Karen Mills
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#Tags
We really accomplished what we set out to do with the Recovery Act programs, which was to fill the lending gap created by the crisis.
- Karen Mills
#Accomplished
#Act
#Crisis
#Gap
#Recovery
We are very much engaged across the government, very much engaged in streamlining and simplifying our activities with borrowers and lenders, because that saves time and saves costs and we believe we can do that while maintaining the same or increased levels of oversight and risk management.
- Karen Mills
#Believe
#Government
#Management
#Time
In October 2008, when the credit crunch hit, small businesses were really crushed by the lack of capital.
- Karen Mills
#Capital
#Credit
#Hit
#October
#Small
I think we've learned that the S.B.A. plays a critical role in providing access and opportunity when the market is not providing that access. We help banks get that money out into the hands of important and viable businesses, particularly those owned by minorities, women, immigrants and veterans.
- Karen Mills
#Hands
#Help
#Money
#Opportunity
#Women
The S.B.A. does not lend directly to businesses, but instead backs loans to encourage banks to invest in small businesses as part of a nearly $90 billion portfolio.
- Karen Mills
#Does
#Portfolio
#Small Businesses
#Small
We spend a great deal of our energy making sure that small businesses have help in navigating to the outcomes that they want.
- Karen Mills
#Deal
#Energy
#Great
#Help
#Want
We are not going to be the agency where large businesses can masquerade as a small business and get a contract. We are closing down on fraud, waste and abuse.
- Karen Mills
#Business
#Closing
#Contract
#Down
#Fraud
As I've traveled around the country, it has surprised me how many times I've heard people in small businesses use that word 'saved.' I believe many small businesses would not have had access to credit and would not have survived without the $50 billion that we were able to put into the market.
- Karen Mills
#Believe
#Country
#Credit
#I Believe
#Me
As you probably know, half of the people who work in this country work for small businesses. And it's more than that, because two out of every three net new jobs come from small business. So we mean it when we talk about small business being the engine for the economy.
- Karen Mills
#Business
#Country
#New
#People
#Work
After four years as Administrator of the SBA, I have let President Obama know that I will not be staying for a second term. I will stay on until my successor is confirmed to ensure a smooth and seamless transition.
- Karen Mills
#Four
#Know
#Stay
#Transition
#Will
It's not government that creates jobs; it's small business. Our job is to make sure they have the access to capital, the access to contracting opportunities, and the help, advice and mentoring that they need to go out and be successful.
- Karen Mills
#Advice
#Business
#Government
#Job
#Need
One of the most important tools we have at the Small Business Administration (SBA) to reach high growth entrepreneurs is the Small Business Investment Company (SBIC) program.
- Karen Mills
#Business
#Company
#Growth
#Important
This has always been a small agency with a big mission. But these days, especially, we have to stand up every day, deliver value into the hands of small-business owners and get taxpayers the biggest bang for their buck so that we can help these job creators do what they need to do.
- Karen Mills
#Day
#Every Day
#Hands
#Mission
#Value
Small businesses, you can give them capital, but what they often need as much is mentoring, advice and help with their business plan.
- Karen Mills
#Advice
#Business
#Help
#Need
#Plan
I grew up in a family business... that really has provided the core of my belief in American small business, and in America's ability to grow and operate important businesses that can compete and be successful.
- Karen Mills
#Ability
#America
#American
#Belief
#Business
#Family
#Grow
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