May 18, 2009

An emergency loan program designed to shore up struggling-but-viable small businesses will open for applications in mid-June, the Small Business Administration announced Monday.

Senator Mary Landrieu, D-La., the chair of the Senate's small business committee, joined Mills in a small press conference after the public speech. Landrieu told reporters that it's a top priority for the committee and the agency to determine why 50% of the nation's banks aren't partnering with the SBA. The SBA itself does not directly loan money, but works with partner banks to offer government-backed loans.

"I would love to see any small business owner just walk around the corner to their local bank and say they're looking to expand their business," she said. "That bank should ask the SBA - would you be a partner with me?" Landrieu also said that finding a better health care solution for small businesses is a top priority for her.

	GAO finds stimulus funds are going to non-compete contracts
	GSA answers call for transparency
	Senators highlight examples of frivolous stimulus spending
	GAO ruling helps define small business set-asides
	Administration investigates noncompliant recovery recipients
	OMB on the lookout for programs with payment problems
	Improved reporting technology: by-product of stimulus?
	Gordon confirmed as head of OFFP
	Bill would jail those who fraudulently seek set-asides
	Fake businesses take SBA for $100 million
	Proposed ethics rules suffer from vagueness
	Proposed rule would require contractors to screen employess

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