Access to Capital
One of the biggest issues faced by small businesses is the inability to access sufficient credit and capital.
In the wake of the recession, small businesses nationwide have been denied loans, had their credit lines cut, and lost access to venture capital and other securities markets. Although the Small Business Administration (SBA) capital access programs are supposed to provide a backstop for small businesses in these situations, the cumbersome nature of the programs has limited their utility to small business owners.
In order to help small businesses gain access to the credit and capital they need to run their business successfully, Congress must adopt policies that support functional capital markets without imposing undue restrictions on providers of debt and equity capital. Additionally, Congress must remove barriers that prevent participation in and utilization of the SBA financing programs.