Over the past eight years, the budget of the U.S. Small Business Association has been cut in half, most of that in the backing of small business loans. But we think Obama plans to change all that—especially as evidenced by his appointment of Karen Gordon Mills as chief of the SBA.
As president of MMP Group, a private equity investor and advisor, and with a history heading other venture capital groups, Mills has extensive experience in business finance. We think this shows the Obama administration will have a different priority—on small business—than the Bush administration.
This made us wonder what you would do with an infusion of cash in your business. What would you do with $10K? $100K? It may not be just a day dream…
Here’s a link to the Washington Post story about Mills’ nomination.