Quotes by Karen Mills

About Karen Mills:

Karen Gordon Mills was nominated by President-elect Barack Obama on December 19, 2008, confirmed unanimously by the Senate on April 2, 2009, and sworn in on April 6, 2009. During her tenure, her office was elevated to the rank of Cabinet-level officer, expanding her power on policy decisions and granting her access to cabinet meetings. On February 11, 2013 Mills announced her resignation as Administrator of the SBA.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

The morale when I came in was not the best. It was because the agency had not been valued.

Karen Mills

In October 2008, when the credit crunch hit, small businesses were really crushed by the lack of capital.

Karen Mills

We see entrepreneurship and small businesses and supply chains as a critical part of the economic growth and competitiveness agenda.

Karen Mills

One of the most important things we hear is the S.B.A. needs to be ubiquitous. We do all these things, but people still don't know.

Karen Mills

After four years as Administrator of the SBA, I have let President Obama know that I will not be staying for a second term. I will stay on until my successor is confirmed to ensure a smooth and seamless transition.

Karen Mills

If you want to have prosperity here, we really have to see our small businesses able to grow and compete around the world.

Karen Mills

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 billi...

Karen Mills

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.

Karen Mills

We've gotten tremendous support. Everybody now understands how critical it is to help small businesses get out of this recession and into recovery.

Karen Mills

Small businesses have told us that having cash in their pocket is one of the primary things that they need.

Karen Mills

Small businesses are really the engine in the economy.

Karen Mills

President Obama vowed in his State of the Union address to make assisting domestic manufacturers a top priority for his second term.

Karen Mills

I saw the S.B.A. with just enormous potential, and that's what I told the president - this is really a jewel.

Karen Mills

The S.B.A. does not lend directly to businesses, but instead backs loans to encourage banks to invest in small businesses as part of a nearly $90 billion portfolio.

Karen Mills

The 2009 stimulus law got the ball rolling, allowing the agency to reduce and eliminate fees and raise loan guarantees to 90 percent of the total. I knew that we had the opportunity to use S.B.A. products to fill that gap in a rapid manner, as we end...

Karen Mills

We have to keep the momentum going in the economy. And we have to make sure that we give small businesses as much cash and liquidity as possible so they have the confidence to hire that next worker.

Karen Mills

This has always been a small agency with a big mission. But these days, especially, we have to stand up every day, deliver value into the hands of small-business owners and get taxpayers the biggest bang for their buck so that we can help these job c...

Karen Mills

I haven't checked this out yet, but one of our guys told me we have a counselor within 45 minutes to an hour of most small businesses in this country. That's really powerful. I call it our bone structure.

Karen Mills

Our economy creates and loses jobs every quarter in the millions. But of the net new jobs, the jobs come from small businesses: both small businesses on Main Street and many of the net new jobs come from high growth, high impact businesses that are l...

Karen Mills

We were able in the Recovery Act to get a program where we increased our loan guarantees to 90 percent. Because we had that program, a bank wouldn't have to take that much risk.

Karen Mills

Author Bio

  • NameKaren Mills
  • DescriptionAdministrator of the Small Business Administration
  • BornSeptember 14, 1953