[Congressional Record Volume 159, Number 89 (Thursday, June 20, 2013)]
[Extensions of Remarks]
[Pages E946-E947]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                SBA LOAN PAPERWORK REDUCTION ACT OF 2013

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                            HON. JANICE HAHN

                             of california

                    in the house of representatives

                        Thursday, June 20, 2013

  Ms. HAHN. Mr. Speaker, in my time in Congress, I have met with over 
200 small businesses in my district, touring their businesses, sitting 
down with them in round tables. And one of the biggest things that they 
tell me is standing in the way of their success and growth is the 
difficulty they have in accessing capital.
  That's why the work of the Small Business Administration's loan 
guaranty programs is so important. But often, the paperwork it takes to 
apply to these programs discourages small businesses from seeking this 
assistance. Over and over again, small businesses 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 re-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 .I have updated this bill to allow 
the SBA further flexibility to expand the program in future.
  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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