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“The U.S. Small Business Economy and the SBA”
The sales, earnings, capital expenditures and financing of many small firms have experienced a sharp decline as a result of the most recent recession. In response to this fact, the SBA undertook several steps to address the credit contraction for small firms, in particular. As a result of this action, the SBA is experiencing a rebound in the dollar value of its guarantees. However, the data of many small firms indicate that a large number of them have not yet reentered the credit markets. Mr. Gramigna will discuss this and other aspects of the current situation.