Hello’s and Goodbye’s: Jeanne Hulit steps in as new acting SBA Administrator
Hello’s and Goodbye’s: Jeanne Hulit steps in as new acting SBA Administrator
Jeanne Hulit has been appointed as the new acting SBA administrator when Karen Mills steps down at the end of August. While Hulit will take over Karen Mills’ position later this month, the search for a permanent successor to head the SBA continues.
Jeanne Hulit, left and Karen Mills, right
Mills has been with the SBA since her appointment by President Barack Obama in December of 2008. President Obama noted in a statement that Mills played an instrumental role in the passage of the 2010 Small Business Jobs Act, which included several temporary tax breaks.
“Over the last four years, Karen has made it easier for small businesses to interact with the federal government by reducing paperwork and cutting through red tape,” Obama stated.
For the last four years, Hulit has been in leadership positions within the SBA. Most recently she has been the associate administrator in the Office of Capital Access.
In discussing Hulit’s appointment, Mills recently stated, “[Hulit] led the charge to streamline and simplify SBA’s loan programs and expand access to our lending programs. Under her leadership, the agency and America’s 28 million small businesses will be in good hands.”
NADCO’s President & CEO Beth Solomon also noted, “As a former small business banker and community lender, Jeanne understands how to get loans delivered to Main Street. We are very pleased that the important reforms underway will continue to have a champion at the top of the agency. At this critical time in our economic recovery, ensuring that small business has access to capital is essential to creating the jobs America needs.”
We at TMC Financing thank Karen Mills for her service for small businesses over the past four years. We also welcome Jeanne Hulit into transitional role, and know she has the experience and leadership to guide the SBA in the next steps forward.
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