HVAC Breaking News

Jan. 4, 2008: SBA's Year-End Review Reports Significant Progress

January 4, 2008
/ Print / Reprints /
/ Text Size+

WASHINGTON - The U.S. Small Business Administration’s (SBA’s) 2007 “Year in Review” report states that the agency has made significant progress in its reform efforts. The report says that, upon his confirmation in summer 2006, Administrator Steve Preston initiated agency reform. In fall 2006, he led restructuring of SBA’s disaster loan process to focus on fast response, customer service, employee accountability, and efficiency. The Gulf Coast hurricane loan backlog quickly began to drop, from 94,026 in August to 28,687 by the end of December. Response times were cut to a fraction of what they were before the reforms.

With the disaster program rapidly improving, Preston ended 2006 laying plans for a broader reform agenda, a two-year plan to overhaul agency operations.

Looking back on 2007, SBA said it is clear the agency has made substantial progress. Internal and external operations are more effective and efficient, the report says, with every SBA department taking on new challenges, goals, and initiatives.

According to the report, disaster victims today receive better customer service and more timely assistance. Lenders and borrowers find the loan process simpler and quicker due to streamlined processes and improved support. Urban and rural area entrepreneurs have greater access to SBA resources, and military community members have a new loan product to help them start or expand businesses. Today, federal agencies work harder to reach their small business procurement goals because there is an SBA scorecard tracking their progress.

SBA said its accomplishments in 2007 enable the agency to more effectively foster small business ownership and help people quickly get back on their feet after disasters. Looking forward, the agency said 2007 was a turning point, indicating positive results to come in 2008.

For more information on SBA programs and services, visit www.sba.gov.

Publication date: 01/01/2008

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: Mark Satterfield

Mark Satterfield, founder and CEO of Gentle Rain Marketing Inc. and author of “The One Week Marketing Plan” talks about his book and the importance of HVAC blogging. Posted on Sept. 19.

More Podcasts


NEWS 09-22-14 cover

2014 September 22

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con