Luetkemeyer: SBA Lacks Infrastructure and Expertise to Expand Number of Small Business Lending Companies
WASHINGTON, D.C. – Today, Ranking Member Blaine Luetkemeyer (R-MO) issued the following statement on the Small Business Administration’s decision to lift the moratorium on Small Business Lending Companies (SBLCs). “The SBA has proven time and again to be ineffective and mismanaged. They lack both the infrastructure and expertise to be the only regulator overseeing lenders. Lifting the…