Access to Capital

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  • Chairman Chabot and SBA Administrator McMahon Hold Roundtable in Cincinnati
    Posted in Press Releases on September 21, 2017 | Preview rr
    Tags: Taxes, Health, Access to Capital, Energy, Oversight and Regulatory Reform, Rural America, Contracting, International Trade, Workplace Issues, Technology, Disaster Assistance, Environment

    CINCINNATI – Today, Small Business Administration (SBA) Administrator Linda McMahon, and House Committee on Small Business Chairman Steve Chabot (R-OH), visited Cincinnati manufacturer Faxon Machining for a tour of the facility and for a roundtable discussion with several local small businesses. “I take every opportunity I can to hear straight from small businesses about what is working or what barriers they are still facing in the current economy. Not surprisingly, a majority of the businesses ... Read more

  • Tech Talks: How SBA Entrepreneurial Development Programs Have Evolved with Technology
    Posted in Press Releases on September 14, 2017 | Preview rr
    Tags: Access to Capital, Technology

    WASHINGTON - Today, Members of the House Committee on Small Business Subcommittee on Health and Technology heard from a panel of entrepreneurial experts on the technological evolution of the Small Business Administration’s (SBA) Entrepreneurial Development Programs. Many of these programs have adapted their curricula to reflect the increased reliance on technology small businesses must utilize in order to be more competitive in the market. “As technology has continued to advance, businesses of a... Read more

  • Forbes: How Congress Can Help Reluctant Millennial Entrepreneurs And Small Businesses
    Posted in Op-Eds on September 5, 2017 | Preview rr
    Tags: Taxes, Health, Access to Capital

    Entrepreneurship is on the decline. This may come as a surprise with the popularity of shows such as “Shark Tank.” But between 2010 and 2014, only about 165,000 new businesses were started, compared with almost half a million new businesses between 1992 and 1996. Perhaps more surprisingly, millennials are starting even fewer businesses than previous generations. Why are innovators – particularly Millennials – reluctant to start their own company? The recent recession coupled with barriers such a... Read more

  • House Passes Small Business Committee Bills to Increase Access to Capital
    Posted in Press Releases on July 24, 2017 | Preview rr
    Tags: Access to Capital

    WASHINGTON – Today, the House passed three bipartisan House Small Business Committee Member bills to increase access to capital and improve the lending environment for our nation’s small businesses. All three bills were introduced by Members of the House Committee on Small Business and will move to the Senate for consideration. “Access to capital continues to be a major problem for small business owners who want to start or grow their company. These three bills are another way the Small Business... Read more

  • How Can We Reverse the Entrepreneurship Decline?
    Posted in Press Releases on July 19, 2017 | Preview rr
    Tags: Taxes, Access to Capital, Oversight and Regulatory Reform

    WASHINGTON – Today, the House Small Business Committee heard from industry experts on the challenges facing entrepreneurs and how the success of our small businesses have a major effect on the strength of our economy. “New and small businesses create the majority of our nation’s jobs and spur innovation. However, since the Great Recession, there has been a significant decline in entrepreneurship, which may in part explain the slow economic growth experienced in America today,” said House Small B... Read more

  • House Passes NDAA with Small Business Reforms
    Posted in Press Releases on July 14, 2017 | Preview rr
    Tags: Access to Capital, Contracting

    WASHINGTON - Today, the House passed H.R. 2810, the FY2018 National Defense Authorization Act (NDAA), which includes small business contracting reforms and entrepreneurial development provisions introduced by the House Small Business Committee. The NDAA included two House Small Business Committee bills, H.R. 1773, the Clarity for America’s Small Contractors Act of 2017, introduced by Chairman Steve Chabot (R-OH) and H.R. 1774, the Developing the Next Generation of Small Business Act of 2017, int... Read more

  • The 411 on the 504: One of SBA’s Zero Taxpayer-Funded Loan Program
    Posted in Press Releases on June 29, 2017 | Preview rr
    Tags: Taxes, Access to Capital

    WASHINGTON – Today, members of the House Small Business Subcommittee on Economic Growth, Taxes, and Capital Access heard from key players in the 504/CDC Loan Program. “Although we are working feverishly to roll back red tape, small businesses face an uncertain lending environment that is compounded due to their reliance on traditional bank borrowing to raise capital. One program to bridge the funding gap that too often acts as a roadblock for small businesses is the SBA’s 504/CDC Loan Program,” ... Read more

  • Small Business Committee Approves Five Bipartisan Bills to Improve the SBA
    Posted in Press Releases on June 15, 2017 | Preview rr
    Tags: Access to Capital, Contracting

    WASHINGTON – Today, the House Small Business Committee approved five bipartisan pieces of legislation to amend the Small Business Act and the Small Business Investment Act. H.R. 2763, Small Business Innovation Research and Small Business Technology Transfer Improvements Act of 2017, introduced by Subcommittee on Contracting and Workforce Chairman Steve Knight (R-CA) H.R. 2763 will update and improve the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Progr... Read more

  • Chairman Chabot Responds to Passage of the Financial CHOICE Act
    Posted in Press Releases on June 8, 2017 | Preview rr
    Tags: Access to Capital

    WASHINGTON – House Small Business Committee Chairman Steve Chabot (R-Ohio) released the following statement after passage of H.R. 10, the Financial CHOICE Act, to end taxpayer-funded bailouts and replace it with common-sense reforms that will help grow small businesses. “Dodd-Frank has failed our country. For the last seven years, it has only made it more difficult for small businesses, start-ups and entrepreneurs to get the credit and capital they need. In contrast, the Financial CHOICE Act wil... Read more

  • Small Business Committee Reviews SBA’s 7(a) Loan Program
    Posted in Press Releases on May 17, 2017 | Preview rr
    Tags: Access to Capital

    WASHINGTON— Officials from the Small Business Administration (SBA) told members of the House Small Business Committee today that they are working diligently to make sure small businesses can get the capital they need to grow their companies while conducting proper oversight of the 7(a) loan program, SBA’s most common loan program, to maintain a zero subsidy cost to the taxpayer. “As the 7(a) Program grows in terms of loan volume, loan amount, and the Congressionally-authorized loan limit, we owe... Read more