Congressional Hearing Addresses SBA Lending Programs and Support for Minority Entrepreneurs
September 17, 2025 | Small Business: House Committee, Standing Committees - House & Senate, Congressional Hearings Compilation
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The U.S. House Committee on Small Business convened on September 17, 2025, to discuss the critical role of Small Business Administration (SBA) lending in supporting Main Street America. A key focus of the meeting was the restoration and reform of SBA lending programs, which are essential for small businesses seeking capital.
Committee members emphasized the importance of SBA programs, such as the 7(a) and 504 loan programs, in providing necessary funding to entrepreneurs at minimal cost to taxpayers. Concerns were raised about the previous administration's management of these programs, which some members argued jeopardized their effectiveness. Republicans expressed a commitment to returning these programs to a fiscally sound state, ensuring their longevity and support for small businesses.
Administrator Kenzie highlighted recent improvements, including the reinstatement of the franchise directory, which helps franchisees navigate loan applications more efficiently. This move was welcomed by committee members, who noted that it simplifies the process for small business owners seeking capital.
The discussion also touched on the newly announced 7(a) manufacturers access to revolving credit program, designed to provide additional working capital to small manufacturers. This initiative aims to support the reshoring of manufacturing jobs, a priority for many districts represented in the committee.
In California, where nearly 50% of small business borrowers are women, the committee acknowledged the high demand for SBA capital. Members expressed concern over barriers faced by minority-owned businesses in accessing funding and called for concrete steps to enhance credit access for historically underserved communities.
The meeting concluded with a commitment to improve SBA's local infrastructure and responsiveness to small business owners, addressing concerns about long wait times and limited staff. The committee members reiterated their dedication to ensuring that small businesses have the resources they need to thrive and contribute to local economies. As the SBA continues to implement these reforms, the focus remains on fostering an environment where small businesses can flourish and drive economic growth across the nation.
Committee members emphasized the importance of SBA programs, such as the 7(a) and 504 loan programs, in providing necessary funding to entrepreneurs at minimal cost to taxpayers. Concerns were raised about the previous administration's management of these programs, which some members argued jeopardized their effectiveness. Republicans expressed a commitment to returning these programs to a fiscally sound state, ensuring their longevity and support for small businesses.
Administrator Kenzie highlighted recent improvements, including the reinstatement of the franchise directory, which helps franchisees navigate loan applications more efficiently. This move was welcomed by committee members, who noted that it simplifies the process for small business owners seeking capital.
The discussion also touched on the newly announced 7(a) manufacturers access to revolving credit program, designed to provide additional working capital to small manufacturers. This initiative aims to support the reshoring of manufacturing jobs, a priority for many districts represented in the committee.
In California, where nearly 50% of small business borrowers are women, the committee acknowledged the high demand for SBA capital. Members expressed concern over barriers faced by minority-owned businesses in accessing funding and called for concrete steps to enhance credit access for historically underserved communities.
The meeting concluded with a commitment to improve SBA's local infrastructure and responsiveness to small business owners, addressing concerns about long wait times and limited staff. The committee members reiterated their dedication to ensuring that small businesses have the resources they need to thrive and contribute to local economies. As the SBA continues to implement these reforms, the focus remains on fostering an environment where small businesses can flourish and drive economic growth across the nation.
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