Why the SBA may not be the best bet for entrepreneurs

Filed in archive on June 10, 2006

A first step for any small business person seeking to create a feasible blueprint for success has traditionally been a visit to the U.S. Small Business Administration. However, some observers now say that, for many reasons, the federal agency may not be the best choice for entrepreneurs. In a piece Fortune Small Business Magazine, senior editor Richard McGill Murphy argues that the agency's loan programs reach less that 1 percent of small American companies and that its definition of small business is far too broad. The agency is not without its champions who insist critics are ignoring its accomplishments. You can read Murphy's full analysis at CNN Money.com. Thanks to blogger Steve Rucinski, proprietor of Small Business CEO, for providing the link.