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Tip May 2014 - "Small Business Administration's Loan Programs Attract More Criticism"

Tip May 2014 - "Small Business Administration's Loan Programs Attract More Criticism"

Tip May 2014 - "Small Business Administration's Loan Programs Attract More Criticism"

Excerpt


Small Business Administration's Loan Programs Attract More Criticism



Sen. Jeff Sessions of Alabama pulled no punches in his recent criticism of the multibillion-dollar loan program administered by the Small Business Administration. He is concerned that lack of oversight in providing loan guarantees puts taxpayer money at risk. The senator sits as the ranking Republican on the Senate Budget Committee, which oversees the funding efforts for the SBA’s loan programs. His concerns and questions were outlined in a 17-point letter to Maria Contreras-Sweet, the new head of the SBA, and they come on the heels of a bill introduced in December 2013 by Sen. Richard Burr, R.-N.C., to eliminate the SBA as a stand-alone entity.


 


 


 



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