With all of the attention on saving big banks and the auto industry, one CUSO CEO is hopeful that the new Small Business Administration leader will see the potential for small businesses to restore the nation's economy.
"The reality is, let's return to small businesses. If every small business hired just one person, just imagine what that would do," said Kent Moon, president/CEO of Member Business Lending LLC, a Salt Lake City CUSO. Moon has also served as district director of the SBA's Utah district office and at the agency's Washington headquarters as a financial analyst and senior technical adviser.
Moon said he is impressed with Karen Gordon Mills' background and feels she is ideally suited to run the SBA especially because she brings an economist's perspective.
"If I could ask her one question, it would be what will she do to improve the delivery of long-term debt capital to America's small businesses with industry lending that is so highly controlled by ineffective regulation that it chokes off capital," Moon said.
He would also like to see a strong, intergovernmental alliance on the federal level that would help the SBA move more quickly on pressing items. More regulation of big banks would be a good start, he added.
"Big banks are the ones that have choked off [capital]," Moon said. "They made bad decisions with subprime loans. Because of their mistakes, we are now suffering as a nation."
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