WASHINGTON, March 23, 2017 /PRNewswire-USNewswire/ -- Administrator Linda McMahon of the U.S. Small Business Administration announced today that William Manger will serve as Associate Administrator for SBA's Office of Capital Access.
"Capital is the lifeblood of small businesses," McMahon said. "Bill will play a critical part of SBA's mission by helping entrepreneurs get access to the credit they need to start, grow and succeed in business. Given his tremendous experience in investment banking in the private sector as well as his previous service to SBA, I am confident Bill will be a terrific addition to our team and an asset to our nation's 28 million small businesses."
The Office of Capital Access helps make funding available through banks and other lending partners to small businesses that cannot otherwise obtain loans. As Associate Administrator, Manger will be responsible for SBA's loan program policy, technology, operations and oversight. This includes SBA's flagship 7(a) and 504 loan programs, the microloan program and the surety bond program. Manger will manage a $120 billion portfolio of direct and guaranteed loans, nine operation centers, and 560 employees of SBA's Office of Capital Access.
"By helping people attain capital and create small businesses, we are helping them attain the American Dream," Manger said. "I look forward to working with the Administrator in carrying out the Agency's critical mission effectively and efficiently."
Prior to his current SBA appointment, Manger served as Managing Director at Brock Capital Group, a boutique investment bank in New York City, where he advised and supported small- to medium-sized enterprises in their efforts to raise capital and expand their businesses. From 2007 to 2009, Manger served as SBA's Associate Administrator for Field Operations. He first came to the Agency in 2005 to serve as Regional Administrator for Region 2, based in New York City. Manger holds an MBA from Columbia Business School and a BA from Trinity College in Hartford, CT.
About the Small Business Administration
The U.S. Small Business Administration was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam. To learn more, visit: www.sba.gov.
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SOURCE U.S. Small Business Administration