There is good news for small businesses and for SBA loan programs. Representative Steve Chabot is the new chairman of the House Small Business Committee. The Small Business Committee oversees the SBA and serves as an advocate for small businesses in Congress.
Chabot has served on the committee for 18 years and has been a strong supporter of most SBA programs. He has previously co-sponsored legislation to simplify the SBA loan process and financial reporting requirements for small companies.