President-elect Donald Trump on Wednesday selected Linda McMahon, the co-founder of the pro wrestling empire WWE, to run the Small Business Administration. Export sales contribute to a strong middle class by fueling economic opportunity and jobs in communities across the United States, while the countries buying American products gain access to some of the highest-quality products and services in the world.
This week the Obama administration has indicated that they intend to rely heavily on the existing infrastructure of the Small Business Administration to get funds moving once again through the banking system and into the hands of small business owners.
The Inland Empire SBDC is part of the Orange County / Inland Empire SBDC Network and is funded in part through a cooperative agreement with the U.S. Small Business Administration (SBA), California State University Fullerton and University Enterprise Corporation at CSUSB and extended to the public on a non- discriminatory basis.
Large bank institutions, such as Chase, Bank of America and Wells Fargo, generate the bulk of their SBA loan volume by loans, especially the express loan and line of credit, offered to those who would be declined for ‘normal’ bank credit due to factors such as length of time in business or slightly more conservative underwriting factors.
The Small Business Administration (SBA) was created by the Small Business Act of 1953 and derives its present existence and authority from the Small Business Act ( 15 U.S.C. 631 et seq.) and the Small Business Investment Act of 1958 ( 15 U.S.C. 661 ).