Hearing:
SBA 7(a) Budget Proposal and the Impact of Fee Structure Changes
Subcommittee on Economic Growth, Tax, and Capital Access (Committee on Small Business)
Wednesday, April 10, 2019 (10:00 AM)
2360 RHOB
Washington, D.C.
The 7(a) Loan Guaranty Program is SBA’s flagship lending program, guaranteeing more than 60,000 small business loans totaling $25.4 billion. Traditionally, the program relies on a combination of fees and recoveries of collateral on defaulted loans to operate without appropriations from Congress. However, in its budget request to Congress for FY2020, SBA predicts a funding shortfall in the program, and in response, proposes numerous fee increases to cover the shortfall. The purpose of this hearing is to provide Members the opportunity to examine the SBA’s budget and consider how the changes will impact small business lending.
Witnesses
Mr. Tim Gribben
Chief Financial Officer and Association Administrator for Performance Management, U.S. Small Business Administration, Washington, DC
Added
06/05/2019 at 02:13 PM
- Witness Statement
[PDF]
Added
06/05/2019 at 02:13 PM
Mr. Tony Wilkinson
President & CEO, National Association of Government Guaranteed Lenders, Stillwater, OK
Added
06/05/2019 at 02:13 PM
- Witness Statement
[PDF]
Added
06/05/2019 at 02:13 PM
- Witness Truth in Testimony
[PDF]
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06/05/2019 at 02:13 PM
Ms. Lynn G Ozer
President, SBA Lending, Fulton Bank, Pottstown, PA
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06/05/2019 at 02:13 PM
- Witness Statement
[PDF]
Added
06/05/2019 at 02:13 PM
- Witness Truth in Testimony
[PDF]
Added
06/05/2019 at 02:13 PM
Ms. Gail Jansen
Vice President of Business Services and Operations, Kinecta Federal Credit Union, Manhattan Beach, CA, on behalf of National Association of Federally-Insured Credit Unions
Added
06/05/2019 at 02:13 PM
- Witness Statement
[PDF]
Added
06/05/2019 at 02:13 PM
- Witness Truth in Testimony
[PDF]
Added
06/05/2019 at 02:13 PM
Mr. Gordon Gray
Director of Fiscal Policy, American Action Forum, Washington, DC
Added
06/05/2019 at 02:13 PM
- Witness Statement
[PDF]
Added
06/05/2019 at 02:13 PM
- Witness Truth in Testimony
[PDF]
Added
06/05/2019 at 02:13 PM
Hearing Record
- Hearing: Cover Page
[PDF]
- Hearing: Witness List
[PDF]
First Published:
April 3, 2019 at 10:02 AM
Last Updated:
June 5, 2019 at 02:13 PM