Comments about ‘Ty Kiisel: Should the Small Business Administration be abolished?’

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Published: Friday, Sept. 6 2013 2:15 p.m. MDT

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Downtime
Saint George, UT

Ray Hennessey is exactly right. I have two successful start-up businesses. The SBA was no help at all. They didn't ever refuse to lend me money; they just outlasted me with endless reams of documents. Has anyone (other than a member of a protected class)ever actually got an SBA loan? Just further proof that the government fails at everything it touches.

Ty Kiisel
Salt Lake City, UT

Downtime,
No question, the SBA is not a great place to go for startups looking for financing. I consider them to be a more traditional source of funding that will look at credit score, time in business, annual revenues, and collateral—not a strong suite for most startups. Nevertheless, I still believe they fill an important niche for small business funding. Because startups, Main Street businesses, and other larger small businesses are all considered "small businesses" I think the SBA needs to re-evaluate how they look at small business and focus more on the smaller small businesses within the group. That means making smaller loan amounts a little less cumbersome.
—Ty

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