Statement of SBA Administrator Maria Contreras-Sweet at U.S. Senate Committee on Small Business & Entrepreneurship Hearing
… hearing on SBA’s 7(a) Loan Guaranty program: “SBA-backed loans support small businesses that are creating jobs and … for three consecutive years. SBA’s default rate on 7(a) loans is 1.47 percent, the lowest since we started tracking … most to access capital. During my time at SBA, 7(a) loans are up 47 percent to business owners who are women, 32 …