Watch: A conversation on the state of play for small business

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.SBAIsabel believes the best way to mitigate fraud in SBA lending practices is to “strengthen fraud protection...and ensure that we have a strong risk management framework as recommended by the GAO.” Watch more: AxiosEvents

On remaining hopeful for the continued growth of small businesses despite current economic headwinds:

“For sure there’s been extreme uncertainty, I think that what’s important to note though, from an overall perspective, we’ve had a historic economic recovery. Ten and a half million people applied to start a business in the last two years. That’s a record high, 84% higher than historical averages.

On the recently passed Initiative 82 that will change how tipped workers get paid in Washington, D.C.: “I think tipping is a relic of the past…for whatever reason, restaurant workers have always been paid a sub-minimum wage and the tips make up for it, where basically the customers become the employers of the individual that’s working there. I do think that it’s time for that to go away because it’s unfair for somebody to be there working and depending on a customer’s whim whether or not they can make a living.

 

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SBAIsabel Sooooo.....due diligence. What a concept.

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