THE IMPORTANCE OF SMALL BUSINESS AND THE SBA



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In an article recently published by Harvard Business School Working Knowledge, Karen Mills discusses the importance of small businesses and the vital role the SBA plays in stimulating growth. Despite recent criticism, SBA loan guarantee programs, which enable banks to lend to small businesses (even at the height of the credit crisis), facilitate economic growth and create vast opportunity. "A look under the hood at SBA... reveals a small but important agency... a public-private partnership driving valuable outcomes to a critical (but often neglected) part of the economy, all at a low cost to taxpayers."


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