BankThink Direct loans from SBA are no threat to private lenders
by Frank Knapp, Jr. , President & CEO, South Carolina Small Business Chamber Of Commerce, ASBC Board Member

Frank Knapp, Jr. wrote an op-ed in American Banker in support of SBA direct lending.  “Private lenders do not want to make small startup and microloans, especially in rural and underserved communities, and particularly to entrepreneurs of color and women. ”

“… Reform the SBA: BIGGER Mission, Authority and Resources, are very supportive of this prospective SBA program, which would address access to capital, one of the most significant barriers to starting a small business, especially in rural and underserved communities that desperately need local entrepreneurship to grow their economies.”