The SBA exists to get cash, resources and financial help for small business and entrepreneurs (defined as companies with fewer than 500 employees) of America. By every measurable result, they are failing. So, can they be fixed?

An article discusses some of the issues and some suggestions to fix the agency. While this article is of value, I beleive the issue at hand is much larger than addressing some of its problems. The entire SBA is broken. The entity is broken in so many ways that it is hard to count, and each issue seems to further entrench its operations in the same old way of doing business, causing somewhat of a death spiral. I do not know of one high growth, technology, or clean tech company with an SBA loan. They are too complex, too costly, and too hard to access. SBA loans are mostly in place for low growth industries with little or no profitability with owners that have significant real estate to collateralize their SBA loans. The SBA needs desperately to move into the 21st century. It should be leading the charge in our highest growth industries as well as continuing to provide support to the low growth or even receding industries. The SBA needs to re-brand itself into the number one resource for all entrepreneurs and small to medium-sized business owners. When I think of what the SBA needs to do I think of the amazing job the United States Postal Service has done to completely redefine itself to adjust to a changing and more competitive marketplace.

Here is my conclusion: The SBA is not worth fixing unless they completely re-brand, re-define, and re-structure themselves. All other efforts will be futile at best!