Navigating the Maze of the SBA
Are We There Yet?
When the U.S. government talks about small business, what they’re saying might not be what we’re hearing. They tend to look at small businesses differently than most of us do. You might be surprised to learn that Uncle Sam considers a $30 million company with over 200 employees a small business, but I doubt most Americans would. Needless to say, the financing needs of the local bookstore or barbershop around the corner are very different from a tech firm with hundreds of employees.
Nevertheless, Karen Mills,1 head of the Small Business Administration, announced that during her tenure at the SBA, ...