WASHINGTON – The following statement was made by U.S. Small Business Administration Administrator Linda McMahon:
“The SBA works very closely with community banks, and so many of them have told me that relaxing Dodd-Frank’s regulations would mean they could more easily lend to local small businesses. I am pleased to see the Senate’s passage of S.2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. Efforts like this are crucial to creating a more positive environment for America’s entrepreneurs. When community banks are able to lend, it means greater access to capital for the 30 million small businesses that are truly the engines of our economy.”
About the U.S. Small Business Administration
The U.S. Small Business Administration (SBA) was created in 1953 and is a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The SBA helps Americans start, build and grow businesses, and recover from disasters. Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam. To learn more about SBA, visit www.sba.gov.