The face of entrepreneurship in the United States is declining white — and Isabel Guzman is well known.

Small Business Manager: For three months in office, he is eager to make federal agency programs more equitable and effective for all small businesses — especially for those most in need.

“Everything is on the table,” Guzman says Inc. In a recent one-on-one interview. He added that in order for our “economy to recover”, we need to change our programs and services to meet these needs.

The epidemic has left key hurdles in its small business and financial sustainability, supporting $ 40 billion in loans over the previous year but jumping over $ 1 trillion in loans and grants. The plague.

Here are three changes to the SBA that Guzman can see when he runs the agency.

1. The lender’s pool may sink.

The number of certified SBA lenders supporting the borrowers identified by the Agency’s standard loan programs as 7 (a) and 504 may be a balloon.

More than 5,000 lenders are allowed to receive support Wage protection program loans were credited to 1,800 institutions as active lenders before the outbreak. (Active means an institution that has made SBA loans over the past two years.) In other words, all those Fintech companies that came in to help borrowers without traditional credit relationships during the epidemic were post-crisis loans. That could change, says Guzman. By PPP. It is really a goal to maintain what we have been through.

2. Friendship loan terms may continue.

Thanks to the Economic Aid Act, passed in December 2020, SBA’s traditional loans will be able to extend temporary payments and interest payments and subsidies until September 30 to $ 9,000 or as long as the funds remain. Relief efforts have also temporarily increased the SBS-approved loan amount to 90 percent. Typically, 85 percent of loans up to $ 150,000 were supported by SBA. More than $ 150,000 in loans are supported by 75 percent.

Guzman notes that these desserts may stick around. “These are really the key parts of our tool kit, [and we’re] Looking at guarantees and payments, ”she said, adding that debt relief was also on the table. We will continue to guess [our programs’] Influence, and [assess] They are better for small businesses to meet where you are.

3. Help is on the way.

During the epidemic, some borrowers had existing relationships with some lenders, while others were too small to take care of.

Small businesses and small business owners, say, founders, or those in economically disadvantaged communities, are generally overlooked because they need more. Thus, because these businesses were small, banks tend to make less money, reducing their financial needs. These conditions are true even in the absence of the epidemic — but resources should not be available only to those who can afford it. Instead, they have to go first, ”says Guzman. “I have asked my staff to look at all our programs from design to implementation and ask the question, is this accessible to everyone? Then how do we first think about the customer, the future of technology and fair design and implementation within us? ”

The Restaurant Revival Fund (RFF) of the $ 28.6 billion Relief Program for Food Services has highlighted the need for further equity programs. We have been able to meet the needs of a large number of small businesses affected by the attack: they come from small, inadequate communities, women, patriots and socially and economically disadvantaged businesses, ”said Guzman. More than half of the 362,000 applications received by SBA are those targeted entrepreneurs.

In terms of implementation, she cites RRF’s communication efforts: “Our reach – through thousands of webinars – has reached more than 100,000 people.”

She is also optimistic that the upcoming community survey program will bring improved results. Licensed under the U.S. Rescue Plan, the $ 100 million program is funded to help small businesses qualify for community organizations or community financial institutions to identify and participate in relief programs. It prioritizes access to social and economically disadvantaged individuals, women, and patriotic businesses.