[Congressional Record Volume 158, Number 13 (Friday, January 27, 2012)]
[Extensions of Remarks]
[Pages E84-E85]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      SBA LOAN PAPERWORK REDUCTION

                                 ______
                                 

                            HON. JANICE HAHN

                             of california

                    in the house of representatives

                        Friday, January 27, 2012

  Ms. HAHN. Mr. Speaker, during my short time in Congress, I've met 
with over 50 small businesses in my district to listen to their 
concerns. Over and over they tell me that their biggest obstacle in 
working with the Small Business Administration is the arduous amounts 
of paperwork needed to access SBA loans. If we are going to get our 
economy back on track, we need to make sure our small business owners 
and entrepreneurs have access to capital.
  That is why I am introducing the SBA Loan Paperwork Reduction Act, 
which will make permanent the SBA's pilot Small Loan Advantage Program 
which features streamlined paperwork, with a two-page application for 
borrowers and a faster approval time. Small business owners are having 
a hard enough time in this economy without having to spend their 
valuable time and resources wading through a mountain of paperwork.
  By passing this bill, we will ensure that our entrepreneurs are given 
the chance to succeed and our small business owners can access the 
capital they need to grow and hire more workers.

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