Karen Mills

6 Results

 

Online Banks Fill Funding Needs for Small Business

In the final column on small business lending, Karen Mills is optimistic that the rise of alternative online banks can fund entrepreneurial business growth. Open for comment; 1 Comment posted.

Government Can Do More to Unfreeze Small Business Credit

In part three of her series on the state of small-business lending, Karen Mills discusses how public-private partnerships and government guarantee programs have the potential to enhance economic growth. Open for comment; 0 Comments posted.

The State of Small Business Lending: Credit Access During the Recovery and How Technology May Change the Game

Small businesses are core to US economic competitiveness. Not only do they employ half of the nation's private sector workforce--about 120 million people--but also since 1995 they have created approximately two‐thirds of the net new jobs in the country. Yet in recent years, small businesses have been slow to recover from the recession and credit crisis that hit them especially hard. This lag has prompted the question, "Is there a credit gap in small business lending?" In this paper the authors compile and analyze the current state of access to bank capital for small business from the best available sources. The authors explore both the cyclical impact of the recession on small business and access to credit, and several structural issues that impede the full recovery of bank credit markets for smaller loans. They argue that the online banking market is likely to continue to grow, disrupting traditional ways of lending to small businesses. This will create both opportunities and risks for policymakers and regulators. Read More

Why Small-Business Lending Is Not Recovering

Lending to small businesses has not returned to levels seen before the financial crisis. Karen Mills, former head of the US Small Business Administration, explains the reasons and why the situation is not likely to improve anytime soon. Open for comment; 6 Comments posted.

Is a Gap in Small-Business Credit Holding Back the American Economy?

Karen Mills, former head of the US Small Business Administration, analyzes the current state of availability of bank capital for small business. Open for comment; 8 Comments posted.

A Playbook for Small-Business Job Creation

Karen Mills left her post as SBA Administrator for a joint fellowship at Harvard to tackle a question she's faced her whole career: How can the United States drive innovation and turn it into jobs? Open for comment; 1 Comment posted.