14 trillion to the nations annual total sales and receipts, SBA Administrator
Linda McMahon said.
According to SBA Administrator
Maria Contreras-Sweet, the program, "can help refinance debt from adjustable-rate loans with significant savings to borrowers.
Maria Contreras-Sweet said, "East West Bank is a proactive lender that has recognized the benefits of offering a spectrum of SBA export loan guarantees to meet the financing needs of small business exporters in multiple states.
It's a natural fit; credit unions are some of this nation's most trusted mission-based lenders," SBA Administrator
Maria Contreras-Sweet said.
12 confirmation hearing for Maria Contreras-Sweet, the nominee for the SBA administrator
Many baby boomers are working beyond retirement age and choosing to stay active and engaged in the workforce," SBA Administrator
Karen Mills said in a news release.
Pursuant to the Small Business Jobs Act of 2010 (signed into law by President Obama on September 27, 2010), the SBA Administrator
has the authority to specify detailed definitions or standards by which a business concern may be determined to be a small business concern for the purposes of this Act or any other Act.
The Veterans Affairs Department maintains a database of companies that it has verified as service-disabled veteran-owned, but other agencies currently cannot access the database, SBA Administrator
Karen Mills testified.
All of these steps, along with other Recovery Act provisions, are aimed at increasing access to capital and giving small businesses just what they need to help lead our nation's economic recovery," SBA Administrator
Karen Mills said in a statement.
As incoming SBA Administrator
Karen Mills said, America's spirit of entrepreneurship "is one of our country's greatest assets and we need to cultivate it today, more than ever.
The Post's report, taken along with other credible analyses," acting SBA Administrator
The proposed policy was added days after Steven Preston, President Bush's nominee for SBA Administrator
, was nominated to head the SBA.