Reform the SBA

In March of 2021 the South Carolina Small Business Chamber of Commerce launched a new national campaign to “Reform the SBA”.  The campaign is not a criticism of the Small Business Administration.  It is a call to action to expand the mission, authority, and resources of the SBA.

There is a bipartisan recognition that the country is at a four-decade low in new business startups—a slow moving economic disaster that has developed during good and bad economic times.  The COVID pandemic has made the problem worse.

Simply doing more of the same will not move our nation along fast enough, or possibly not at all, to correct this small business startup crisis.

This national campaign is derived primarily from insightful and tangible reform recommendations of business leaders and groups, entrepreneurs, lenders, and elected leaders.

The highest profile recommendation is for the SBA to make small-dollar startup and micro loans in underserved and rural communities, especially to entrepreneurs of color and women.  Current lenders do not want to make these loans because they are too small and too risky.  Entrepreneurship in necessary to raise the economies in these communities.

Our nation’s aspiring entrepreneurs and small business owners—particularly minorities and women in underserved communities—need strong, singular national leadership to break down barriers to starting and growing small businesses.

“Reform the SBA” is a campaign to focus Washington’s attention on the issue and advocate for the changes desperately needed.

Frank Knapp Jr.

Click here to visit the Reform the SBA website.

Click here to sign the Petition to Support Reforming the SBA.