--- title: "Meaning & Key Takeaway of: The S.B.A. does not lend directly to…" description: "\"The S.B.A. does not lend directly to businesses, but instead backs loans to encourage banks to invest in small businesses as part of a nearly $90 billi..." image: "https://sms4smile.com/quotes/i/3c9/karen-mills-17439_backs_the-s-b-a-does-not-lend-directly-to-busi_1162103.jpg" --- # The S.B.A. does not lend directly to businesses, but… ![“The S.B.A. does not lend directly to businesses, but instead backs loans to encourage banks to invest in small businesses as part of a nearly $90 billion portfolio.” quote by Karen Mills](https://sms4smile.com/quotes/i/3c9/karen-mills-17439_backs_the-s-b-a-does-not-lend-directly-to-busi_1162103.jpg) [Download](https://sms4smile.com/quotes/i/3c9/karen-mills-17439_backs_the-s-b-a-does-not-lend-directly-to-busi_1162103.jpg) [Open image](https://sms4smile.com/quotes/i/3c9/karen-mills-17439_backs_the-s-b-a-does-not-lend-directly-to-busi_1162103.jpg) > “The S.B.A. does not lend directly to businesses, but instead backs loans to encourage banks to invest in small businesses as part of a nearly $90 billion portfolio.” [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The SBA supports small businesses indirectly by guaranteeing loans, encouraging banks to lend more **In simple terms:** SBA backs loans to stimulate small‑business financing Key Takeaway Use loan guarantees to expand credit access Themes finance policy small business Mood informative practical Type report explanatory When to use this quote - Startup funding - community banking - economic recovery plans Key Concepts Risk mitigation Economic development Questions to Reflect On - What criteria should banks use for SBA‑backed loans? - How can small firms improve creditworthiness? A Different Perspective Guarantees don’t eliminate borrower risk ★ ★ ★ ★ ★ No ratings yet [Banks](https://sms4smile.com/quotes/about/banks/) [Business](https://sms4smile.com/quotes/about/business/) [Businesses](https://sms4smile.com/quotes/about/businesses/) [Customer](https://sms4smile.com/quotes/about/customer/) [Loans](https://sms4smile.com/quotes/about/loans/) [Small businesses](https://sms4smile.com/quotes/about/small-businesses/) ## Related quotes > [If you waive loans, it will encourage everyone to opt for more as they think they can get away with it in future.](https://sms4smile.com/quotes/gita-gopinath/if-you-waive-loans-it-will-encourage-everyone-to-opt-for-more-as-they/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [If you are an investor who's retired and hopes to live off the income that your portfolio is generating, then we would focus just…](https://sms4smile.com/quotes/james-o-shaughnessy/if-you-are-an-investor-who-s-retired-and-hopes-to-live-off-the-income/) [James O'Shaughnessy](https://sms4smile.com/quotes/author/james-o-shaughnessy/) > [We believe in constructing the portfolio so that we put our biggest amount of money in our highest-conviction idea, and then we view the…](https://sms4smile.com/quotes/david-einhorn/we-believe-in-constructing-the-portfolio-so-that-we-put-our-biggest/) [David Einhorn](https://sms4smile.com/quotes/author/david-einhorn/) > [Children should be taught in school that you should have all kinds of asset classes in your portfolio. They should be taught what those…](https://sms4smile.com/quotes/arundhati-bhattacharya/children-should-be-taught-in-school-that-you-should-have-all-kinds-of/) [Arundhati Bhattacharya](https://sms4smile.com/quotes/author/arundhati-bhattacharya/) > [The guys I dreamt of being like Phil Hoffman, Paul Giamatti, John Goodman, those are the guys I was aiming to become, and I…](https://sms4smile.com/quotes/paul-walter-hauser/the-guys-i-dreamt-of-being-like-phil-hoffman-paul-giamatti-john/) [Paul Walter Hauser](https://sms4smile.com/quotes/author/paul-walter-hauser/) > [The more playoff games and Super Bowls and things of that nature that you're in obviously is going to build your portfolio and raise…](https://sms4smile.com/quotes/larry-fitzgerald/the-more-playoff-games-and-super-bowls-and-things-of-that-nature-that/) [Larry Fitzgerald](https://sms4smile.com/quotes/author/larry-fitzgerald/) > [The tourism ministry may not have been the greatest portfolio, but no one can say that 'Chiranjeevi left without doing anything'. I have left…](https://sms4smile.com/quotes/chiranjeevi/the-tourism-ministry-may-not-have-been-the-greatest-portfolio-but-no/) [Chiranjeevi](https://sms4smile.com/quotes/author/chiranjeevi/) > [People might just decide, 'Yeah, I'll diversify my portfolio. I'll live in a rental.' That is a very sensible thing for many people to…](https://sms4smile.com/quotes/robert-j-shiller/people-might-just-decide-yeah-i-ll-diversify-my-portfolio-i-ll-live/) [Robert J. Shiller](https://sms4smile.com/quotes/author/robert-j-shiller/) > [If you're going to be a model, what's going to get you the job on a go-see and makes you stand out, it might…](https://sms4smile.com/quotes/andre-leon-talley/if-you-re-going-to-be-a-model-what-s-going-to-get-you-the-job-on-a-go/) [Andre Leon Talley](https://sms4smile.com/quotes/author/andre-leon-talley/) > [I'm looking to expand my portfolio while I'm on top and while I'm young.](https://sms4smile.com/quotes/floyd-mayweather-jr/i-m-looking-to-expand-my-portfolio-while-i-m-on-top-and-while-i-m/) [Floyd Mayweather, Jr](https://sms4smile.com/quotes/author/floyd-mayweather-jr/) > [Some architects, such as John Lautner, never really did anything other than houses. His entire portfolio is basically residential. There's nothing wrong with that.](https://sms4smile.com/quotes/steven-holl/some-architects-such-as-john-lautner-never-really-did-anything-other/) [Steven Holl](https://sms4smile.com/quotes/author/steven-holl/) > [I did a bit of modeling before I took up acting, and I was up for this big campaign - I can't remember which…](https://sms4smile.com/quotes/rupert-penry-jones/i-did-a-bit-of-modeling-before-i-took-up-acting-and-i-was-up-for-this/) [Rupert Penry-Jones](https://sms4smile.com/quotes/author/rupert-penry-jones/) > [Both cheap value stocks and more glamorous growth stocks can work well in a portfolio - if done right.](https://sms4smile.com/quotes/kenneth-fisher/both-cheap-value-stocks-and-more-glamorous-growth-stocks-can-work/) [Kenneth Fisher](https://sms4smile.com/quotes/author/kenneth-fisher/) > [I was hoping to attend the School of Visual Arts and had a portfolio built up.](https://sms4smile.com/quotes/kevin-dillon/i-was-hoping-to-attend-the-school-of-visual-arts-and-had-a-portfolio/) [Kevin Dillon](https://sms4smile.com/quotes/author/kevin-dillon/) > [“If your portfolio is made up of the investments that you have made in the lives of people, you will have amassed a wealth…](https://sms4smile.com/quotes/craig-d-lounsbrough/if-your-portfolio-is-made-up-of-the-investments-that-you-have-made-in/) [Craig D. Lounsbrough](https://sms4smile.com/quotes/author/craig-d-lounsbrough/) ## More by Karen Mills > [It's not government that creates jobs; it's small business. Our job is to make sure they have the access to capital, the access to…](https://sms4smile.com/quotes/karen-mills/it-s-not-government-that-creates-jobs-it-s-small-business-our-job-is/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [We have to keep the momentum going in the economy. And we have to make sure that we give small businesses as much cash…](https://sms4smile.com/quotes/karen-mills/we-have-to-keep-the-momentum-going-in-the-economy-and-we-have-to-make/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [I haven't checked this out yet, but one of our guys told me we have a counselor within 45 minutes to an hour of…](https://sms4smile.com/quotes/karen-mills/i-haven-t-checked-this-out-yet-but-one-of-our-guys-told-me-we-have-a/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [Small businesses want things streamlined, and one of the great successes we're having is less paperwork, faster turnaround times.](https://sms4smile.com/quotes/karen-mills/small-businesses-want-things-streamlined-and-one-of-the-great/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [I recently had the opportunity to participate in 'Inc.''s first-ever 'Hire Power Awards' event in Washington, D.C. The event was a testament to the…](https://sms4smile.com/quotes/karen-mills/i-recently-had-the-opportunity-to-participate-in-inc-s-first-ever/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [We've gotten tremendous support. Everybody now understands how critical it is to help small businesses get out of this recession and into recovery.](https://sms4smile.com/quotes/karen-mills/we-ve-gotten-tremendous-support-everybody-now-understands-how/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [Health care is the No. 1 concern of small businesses and the status quo is untenable.](https://sms4smile.com/quotes/karen-mills/health-care-is-the-no-1-concern-of-small-businesses-and-the-status/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [We were able in the Recovery Act to get a program where we increased our loan guarantees to 90 percent. Because we had that…](https://sms4smile.com/quotes/karen-mills/we-were-able-in-the-recovery-act-to-get-a-program-where-we-increased/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [One of the most important things we hear is the S.B.A. needs to be ubiquitous. We do all these things, but people still don't…](https://sms4smile.com/quotes/karen-mills/one-of-the-most-important-things-we-hear-is-the-s-b-a-needs-to-be/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [In October 2008, when the credit crunch hit, small businesses were really crushed by the lack of capital.](https://sms4smile.com/quotes/karen-mills/in-october-2008-when-the-credit-crunch-hit-small-businesses-were/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [We see entrepreneurship and small businesses and supply chains as a critical part of the economic growth and competitiveness agenda.](https://sms4smile.com/quotes/karen-mills/we-see-entrepreneurship-and-small-businesses-and-supply-chains-as-a/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [Small businesses have told us that having cash in their pocket is one of the primary things that they need.](https://sms4smile.com/quotes/karen-mills/small-businesses-have-told-us-that-having-cash-in-their-pocket-is-one/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [Among our responsibilities is to make sure that 23 percent of all government contracts go to small businesses. That's about $150 billion annually, from…](https://sms4smile.com/quotes/karen-mills/among-our-responsibilities-is-to-make-sure-that-23-percent-of-all/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [I saw the S.B.A. with just enormous potential, and that's what I told the president - this is really a jewel.](https://sms4smile.com/quotes/karen-mills/i-saw-the-s-b-a-with-just-enormous-potential-and-that-s-what-i-told/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) > [We are very much engaged across the government, very much engaged in streamlining and simplifying our activities with borrowers and lenders, because that saves…](https://sms4smile.com/quotes/karen-mills/we-are-very-much-engaged-across-the-government-very-much-engaged-in/) [Karen Mills](https://sms4smile.com/quotes/author/karen-mills/) [Explore all 37 Karen Mills quotes ](https://sms4smile.com/quotes/author/karen-mills/) ## More Backs quotes > [I refuse to say things behind people's backs.](https://sms4smile.com/quotes/marilyn-manson/i-refuse-to-say-things-behind-people-s-backs/) [Marilyn Manson](https://sms4smile.com/quotes/author/marilyn-manson/) > [I don't think anyone went the polls and said, 'I am casting my vote to make sure that Wall Street has better chances to…](https://sms4smile.com/quotes/elizabeth-warren/i-don-t-think-anyone-went-the-polls-and-said-i-am-casting-my-vote-to/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [We, the artists, make the stuff they sell and they're like ticks on our backs, sucking the life out of us.](https://sms4smile.com/quotes/malcolm-wilson/we-the-artists-make-the-stuff-they-sell-and-they-re-like-ticks-on-our/) [Malcolm Wilson](https://sms4smile.com/quotes/author/malcolm-wilson/) > [Just as we should never balance the budget on the backs of the poor, so it is an economic delusion to think you can…](https://sms4smile.com/quotes/george-osborne/just-as-we-should-never-balance-the-budget-on-the-backs-of-the-poor/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [I don't think running backs have ever been under-valued.](https://sms4smile.com/quotes/bill-cowher/i-don-t-think-running-backs-have-ever-been-under-valued/) [Bill Cowher](https://sms4smile.com/quotes/author/bill-cowher/) > [~Its funny when your family turn their backs on you when you've done everything for them… ~](https://sms4smile.com/quotes/she-s-gone/its-funny-when-your-family-turn-their-backs-on-you-when-you-ve-done/) She's\_gone > [When the phonies are expelled from their leadership roles and the Republican Party backs a moderate gubernatorial candidate acceptable to the rank and file…](https://sms4smile.com/quotes/carl-paladino/when-the-phonies-are-expelled-from-their-leadership-roles-and-the/) [Carl Paladino](https://sms4smile.com/quotes/author/carl-paladino/) > [Jules: You scratch our backs, we'll scratch yours. Seth: Well Jules, the funny thing about my back is that it's located on my cock.](https://sms4smile.com/quotes/superbad/jules-you-scratch-our-backs-we-ll-scratch-yours-seth-well-jules-the/) Superbad > [“Set backs are bumps in the road, they are not the end of the roads.”](https://sms4smile.com/quotes/bob-greene/set-backs-are-bumps-in-the-road-they-are-not-the-end-of-the-roads/) [Bob Greene](https://sms4smile.com/quotes/author/bob-greene/) > [I can consider not only great art, but the context in which that art has been created. I can consider the people who paid…](https://sms4smile.com/quotes/roxane-gay/i-can-consider-not-only-great-art-but-the-context-in-which-that-art/) [Roxane Gay](https://sms4smile.com/quotes/author/roxane-gay/) > [The self-made man that some people believe is a myth? It could be, because you do it on the backs of other people.](https://sms4smile.com/quotes/oscar-isaac/the-self-made-man-that-some-people-believe-is-a-myth-it-could-be/) [Oscar Isaac](https://sms4smile.com/quotes/author/oscar-isaac/) > [At fullback you have a little bit more defensive responsibility. You have to help out with your center backs a little bit more. As…](https://sms4smile.com/quotes/deandre-yedlin/at-fullback-you-have-a-little-bit-more-defensive-responsibility-you/) [DeAndre Yedlin](https://sms4smile.com/quotes/author/deandre-yedlin/) > [ \[W\]e must stop trying to protect our planet from every imaginable, exaggerated or imaginary risk. And we must stop trying to protect it on… ](https://sms4smile.com/quotes/niger-innis/w-e-must-stop-trying-to-protect-our-planet-from-every-imaginable/) [Niger Innis](https://sms4smile.com/quotes/author/niger-innis/) > [Every guy has different strengths in the NFL. Receivers are different, running backs are different, but they all have that one thing that they…](https://sms4smile.com/quotes/larry-fitzgerald/every-guy-has-different-strengths-in-the-nfl-receivers-are-different/) [Larry Fitzgerald](https://sms4smile.com/quotes/author/larry-fitzgerald/) > [placid, adj. Sometimes I love it when we just lie on our backs, gaze off, stay still.](https://sms4smile.com/quotes/david-levithan/placid-adj-sometimes-i-love-it-when-we-just-lie-on-our-backs-gaze-off/) [David Levithan](https://sms4smile.com/quotes/author/david-levithan/) Browse all 111 Backs quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The S.B.A. does not lend directly to businesses, but instead backs loans to encourage banks to invest in small businesses as part of a nearly $90 billion portfolio.", "creator": { "@type": "Person", "name": "Karen Mills" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/karen-mills/the-s-b-a-does-not-lend-directly-to-businesses-but-instead-backs/", "about": { "@type": "Thing", "name": "Backs" }, "@id": "https://sms4smile.com/quotes/karen-mills/the-s-b-a-does-not-lend-directly-to-businesses-but-instead-backs/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/3c9/karen-mills-17439_backs_the-s-b-a-does-not-lend-directly-to-busi_1162103.jpg", "contentUrl": "https://sms4smile.com/quotes/i/3c9/karen-mills-17439_backs_the-s-b-a-does-not-lend-directly-to-busi_1162103.jpg", "url": "https://sms4smile.com/quotes/i/3c9/karen-mills-17439_backs_the-s-b-a-does-not-lend-directly-to-busi_1162103.jpg", "width": 1080, "height": 1080, "caption": "“The S.B.A. does not lend directly to businesses, but instead backs loans to encourage banks to invest in…” — Karen Mills", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Karen Mills", "item": "https://sms4smile.com/quotes/author/karen-mills/" }, { "@type": "ListItem", "position": 4, "name": "The S.B.A. does not lend directly...", "item": "https://sms4smile.com/quotes/karen-mills/the-s-b-a-does-not-lend-directly-to-businesses-but-instead-backs/" } ], "@id": "https://sms4smile.com/quotes/karen-mills/the-s-b-a-does-not-lend-directly-to-businesses-but-instead-backs/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```