Karen Mills

• SBA Clears $970 Million Loan Queue

  By Michelle A. Samaad  |  October 5, 2010

  In just one day, the SBA said it was able to approve 1,939 loans totaling nearly $970 million after the recently signed Small Business Jobs Act of 2010 provided funding for increased loan guarantees and reduced fees.

• SBA Applauds Small Biz Bill Passage

  By Michelle A. Samaad  |  September 24, 2010

  Potential job creation and $30 billion to aid small businesses are among the reasons the SBA considers the passage of the Small Business Jobs and Credit Act a success.

• SBA Helps Build, Fund 'Innovative Economies'

  By Michelle A. Samaad  |  September 21, 2010

  More than 170 applicants submitted proposals for a new SBA pilot program that aims to help small businesses tap into their respective region's economic assets.

• CU Trade Associations Turn Up Heat on Member Business Lending

  By Michelle A. Samaad  |  September 15, 2010

  After a last minute whirlwind of appeals to President Obama and Congress to consider legislation that would increase the member business lending cap, both CUNA and NAFCU are urging credit unions not to let up.

• NAFCU Asks for SBA's Support

  By Michelle A. Samaad  |  September 8, 2010

  In its continued pitch to drum up support for an increase in the member business lending cap, NAFCU has reached out to SBA Administrator Karen Mills.

• Small Businesses Win More Federal Agency Contracts

  By Michelle A. Samaad  |  August 30, 2010

  The SBA has announced that small businesses won $96.8 billion in federal contracts in fiscal year 2009, a $3 billion increase over FY 2008.

• Patriot Express' $500 Million in Loans Helps Returning Military

  By Michelle A. Samaad  |  July 1, 2010

  Nearly $500 million in the SBA's Patriot Express loans have been approved by credit unions and other lenders to help military veterans, reservists and their spouses start and expand their businesses.

• Senate Confirms SBA's Second in Command

  By Michelle A. Samaad  |  June 22, 2010

  Marie Johns has been confirmed by unanimous consent by the Senate as the deputy administrator of the SBA.

• SBA Recovery Loan Queue Reactivated

  By Michelle A. Samaad  |  May 27, 2010

  Credit unions and other lenders have received word that the SBA has reactivated the Recovery Act queue to possibly approve more loans if additional funding becomes available.

• More Funds For SBA Loans

  May 12, 2010

  The SBA has received an additional $80 million to support its 7(a) and 504 loan programs to keep capital flowing to small businesses.