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

Return to article »

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

  • Oldest first
  • Newest first
  • Most recommended
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

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.

to comment

DeseretNews.com encourages a civil dialogue among its readers. We welcome your thoughtful comments.
About comments