Top 10 Karen Mills Quotes
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In October 2008, when the credit crunch hit, small businesses were really crushed by the lack of capital.
We are very much engaged across the government, very much engaged in streamlining and simplifying our activities with borrowers and lenders, because that saves time and saves costs and we believe we can do that while maintaining the same or increased levels of oversight and risk management.
As I've traveled around the country, it has surprised me how many times I've heard people in small businesses use that word 'saved.' I believe many small businesses would not have had access to credit and would not have survived without the $50 billion that we were able to put into the market.
We really accomplished what we set out to do with the Recovery Act programs, which was to fill the lending gap created by the crisis.
We spend a great deal of our energy making sure that small businesses have help in navigating to the outcomes that they want.
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