As part of the president's new cabinet, the Small Business Administration has welcomed a new administrator, Linda McMahon. This could signal a new era for the government's small business programs.
While we wait to see what the tone of the SBA will be going forward, the organization announced another development that might further affect the Administration's functioning and tenor. On Feb. 27, the SBA stated that Mary Anne Bradfield will become McMahon's chief of staff, having previously worked for the SBA before.
McMahon herself referred to Bradfield's history in the official announcement, noting what she expected the incoming chief of staff to bring to the role.
"I'm so pleased to have Mary Anne by my side," she said. "Her wealth of private and public sector leadership and management experience, including four years of experience at SBA in the front office and in congressional affairs, will bring the expertise needed for this critical position."
"With more pieces yet to fall into place, small businesses in Ohio can still look for funding."
One of the big concerns about McMahon's new tenure has been whether or not she will continue to support an independent SBA. According to Forbes, McMahon said she wanted to evaluate how effective the loan programs are and where their funds go.
With more pieces yet to fall into place, small businesses in Ohio can still look for the resources they need to make long-lasting improvements. Growth Capital can connect entrepreneurs to the SBA 504 loan program, which can finance as much as 40 percent of a project's total cost. That can be a relief to business owners who would otherwise have to rely solely on their own capital until receiving benefits.
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