25. Small Business Administration · Notable
Rein in SBLC expansion and outsource where private expertise fits
Not started
“For example, the SBA wants to expand the number of licensed Small Business Lending Companies (SBLCs), implement a new “Mission-Based SBLC,” and remove a requirement for loan authorization within the 7(a) and 504 Loan programs and rely solely on a lender’s documents. … A conservative Administration should rein in these idealistic and impractical efforts, get current programs under control and properly staffed with people who can manage and perform competently, and outsource efforts where private-sector expertise is appropriate and more efficient.”
What has happened
- Not started
No action found yet. This entry is the starting point, not a finding.
- Action
- restrict
- Object
- SBLC expansion, the Mission-Based SBLC, and removal of the 7(a)/504 loan authorization requirement
- ID
- 2072