The SBA: A financing workhorse for small business

In my mind, one of the institutional heroes of our attempt to claw our way out of the pandemic economy has been the Small Business Administration. Although sometimes, deservedly, criticized for bottlenecks or administrative course changes during this crisis, we need to keep in mind the scope of the work this agency took on and the rate at which it moved to come up to speed. It’s an over-used analogy, but there isn’t a better one: in the last year, the SBA truly has been drinking out of a fire hose, a fire hose of funding.