P+P: Is there anything you'd like to add about small-business lending?
TK: The smallest small businesses, the main-street type businesses most of us identify with as small businesses, probably have the most difficulty finding the financing they need to fund working capital or fuel growth. Unfortunately, 70 percent of the new jobs created every year in the U.S. come from those businesses and roughly half of the workforce is employed there. The way we define small businesses lumps the small dry cleaner that does my shirts in the same bucket (small business) as the $30 million software company. The SBA, government regulations, and the risky nature of Main Street businesses, don't encourage banks and other traditional lenders to work in that space. The industry in general (including the SBA) needs to redefine what makes up a Main Street business and make it easier for traditional banks to invest in the space. Inexpensive capital to fuel job growth with the nation's primary job creator is a problem that doesn't have a real good solution yet.