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News Now

Washington
SBA announces leadership management team
WASHINGTON (4/17/09)--The U.S. Small Business Administration (SBA) has appointed several members on its leadership and management team of Administrator Karen Mills, who was confirmed April 3. SBA appointees include:
* Meaghan Burdick, White House liaison; * Christopher Chan, special assistant to the administrator and scheduler; * Darryl K. Hairston, associate administrator of the Office of Management and Administration; * Subash S. Iyer, special assistant to the administrator; * Joseph G. Jordan, associate administrator of government contracting and business development; * Ginger E. Lew, counselor to the administrator and liaison to the National Economic Council; * Sara D. Lipscomb, general counsel; * Ana M. Ma, chief of staff; * Toby J.G. McGrath, associate administrator for the Office of Field Operations; * Kimberly A. Peyser, confidential assistant to the administrator; * Penny K. Pickett, senior adviser to the administrator, and acting associate administrator for the Office of Entrepreneurial Development; * Jonathan L. Swain, assistant administrator for Communications and public liaison; and * Eric R. Zarnikow, associate administrator for capital access.
The Credit Union National Association (CUNA) has emphasized that credit unions are ready to help the nation’s small businesses revive the economy and has worked with the SBA on issues affecting credit unions. CUNA is currently monitoring provisions of President Barack Obama’s economic stimulus package regarding SBA lending. SBA 7(a) and 504 lending would benefit from a provision in the package that would raise the percentage of a loan that the SBA can guarantee to 90% from 85%. Credit unions benefit from the increase because the guaranteed portion of such loans does not count toward the member business lending cap of 12.25% (News Now Feb. 10).


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