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SBA head Mills to depart; led through hard times

February 11, 2013 • Business


FILE – In this Tuesday, May 10, 2011, file photo, Karen Mills, of the small business administration, participates in a discussion, in Dayton, Ohio. On Monday, Feb. 11, 2013, Mills, the head of the Small Business Administration as it focused on helping small companies recover from the Great Recession, is stepping down. Under her leadership, the SBA brought more than 1,000 community banks to its lending programs and it won a commitment from 13 big banks to increase their lending to small businesses over three years. (AP Photo/Al Behrman, File)

NEW YORK (AP) — Karen Mills, the head of the Small Business Administration as it focused on helping small companies recover from the Great Recession, is stepping down.

Under her leadership, the SBA brought more than 1,000 community banks to its lending programs and it won a commitment from 13 big banks to increase their lending to small businesses over three years. The agency also regained its status as a Cabinet-level agency with Mills at the helm — a status it had lost during the Bush administration. Mills Login to read more

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