Hearing:
Catalyzing Economic Growth through SBA Community-Based
Lending
Subcommittee on Economic Growth, Tax, and Capital Access (Committee on Small Business)
Tuesday, March 29, 2022 (10:00 AM)
2360 RHOB
Washington, D.C.
The Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access
will hold a hybrid hearing titled: “Catalyzing Economic Growth through SBA Community-Based
Lending.” The hearing is scheduled to begin at 10:00 A.M. on Tuesday, March 29, 2022 in Room
2360 of the Rayburn House Office Building. Participating members can also join remotely via
Zoom.
The U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) helped small
businesses stay afloat throughout the pandemic. In later phases of the program, Congress made
changes to the program to allow community-based lenders, many of whom participated in SBA
business loan programs prior to the pandemic, to originate more PPP loans. The research shows
the changes improved the program’s reach into underserved markets. While the PPP portal closed
on May 31, 2021, to new applications, community-based lenders who helped deliver assistance to
underserved markets can continue to play a vital role. This hearing will allow Members to hear
from these lenders and learn how SBA business loan programs can better meet the needs of the
underserved markets.
Witnesses
Mr. Manny Flores
President and Chief Executive Officer, SomerCor, Chicago, IL
Added
03/23/2022 at 10:51 AM
- Witness Statement
[PDF]
Added
03/29/2022 at 11:30 AM
- Witness Truth in Testimony
[PDF]
Added
03/29/2022 at 11:30 AM
- Witness Biography
[PDF]
Added
03/29/2022 at 11:30 AM
Mr. Kerry Doi
President and Chief Executive Officer, Pacific Asian Consortium in Employment (PACE), Los Angeles, CA
Added
03/23/2022 at 10:51 AM
- Witness Statement
[PDF]
Added
03/29/2022 at 11:30 AM
- Witness Truth in Testimony
[PDF]
Added
03/29/2022 at 11:30 AM
- Witness Biography
[PDF]
Added
03/29/2022 at 11:30 AM
Ms. Brooke Mirenda
President and Chief Executive Officer, Sunshine State Economic Development Corporation (SEDCO), Clearwater, FL
Added
03/23/2022 at 10:51 AM
- Witness Statement
[PDF]
Added
03/29/2022 at 11:30 AM
- Witness Truth in Testimony
[PDF]
Added
03/29/2022 at 11:30 AM
- Witness Biography
[PDF]
Added
03/29/2022 at 11:30 AM
Hearing Record
- Hearing Notice
[PDF]
- Hearing: Witness List
[PDF]
Added
03/23/2022 at 10:51 AM
First Published:
March 22, 2022 at 09:31 AM
Last Updated:
March 29, 2022 at 11:30 AM