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Big Little Lies: How Loopholes In The Small Business Act Allow Large Businesses To Profit, Halley Townsend
Big Little Lies: How Loopholes In The Small Business Act Allow Large Businesses To Profit, Halley Townsend
Washington and Lee Law Review Online
The Small Business Administration (SBA) was established by Congress to create and administer programs to help small businesses compete in the national economy. But far too often, large, sophisticated firms profit from SBA programs meant to assist the little guy. Currently, Congress legislates specific programs tailored towards one type of small business, and the SBA is responsible for implementing the program. This process has resulted in loopholes in the SBA’s enabling act that permit powerful businesses to qualify for SBA programs. This result is the opposite of what Congress intended.
Part II provides background and the history of the SBA. …