Kevin Carey Joins SBA’s Small Business Lending Advisory Council
Kevin Carey, COO and senior EVP of the American Hotel & Lodging Association (AHLA), has been appointed to the Small Business Administration’s (SBA) Small Business Lending Advisory Council.
The newly established council is tasked with providing critical insights and recommendations to the SBA administrator regarding the accessibility of capital for small businesses, particularly in underserved communities. It will also evaluate proposed lending practices and explore ways to mitigate obstacles in small business financing.
“Kevin’s deep understanding of financial services and lending from his extensive career inside and outside the hotel industry make him exceptionally qualified to take on this critical role,”
Rosanna Maietta, president and CEO of AHLA stated.
“Kevin’s expertise will be highly valued as SBA’s new council works to address obstacles to small business loans, and his voice will help bring attention to the challenges faced by many of the more than 33,000 small business hotels in the U.S., which account for more than half of the nation’s hotels.”
In response to his appointment, Carey remarked,
“Efficient and cost-effective access to capital is imperative for small business hoteliers across the country who want to make improvements to their properties; expand their operations to serve guests and their employees; and realize appreciation on their investment over time. I’m honored to take on this new responsibility, and eager to help SBA identify and reduce lending barriers for everyone in our great industry.”
The SBA’s Small Business Lending Advisory Council has been established as a Federal Advisory Committee under the Federal Advisory Committee Act. Council members will be expected to provide valuable advice and insights regarding access to capital and support for U.S. entrepreneurs. They will assess SBA loan programs to identify both opportunities and barriers, pinpoint vulnerabilities in lending to underserved markets, and facilitate broader participation in SBA programs among a diverse range of U.S. lending institutions.
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