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3mo ago

Kelly Loeffler Confirmed as Small Business Administration Chief

The former Georgia senator and business executive will oversee the federal agency focused on supporting small businesses under President Trump’s administration.

Kelly Loeffler campaigns at Augusta Regional Airport in Augusta, Ga., Monday afternoon January 4, 2021.
Kelly Loeffler, President Donald Trump's choice to be the administrator of the Small Business Administration, appears before the Senate Small Business and Entrepreneurship Committee for her confirmation hearing at the U.S. Capitol on Wednesday, Jan. 29, 2025, in Washington. (AP Photo/John McDonnell)
Kelly Loeffler, President Donald Trump's choice to be the administrator of the Small Business Administration, appears before the Senate Small Business and Entrepreneurship Committee for her confirmation hearing at the U.S. Capitol on Wednesday, Jan. 29, 2025, in Washington. (AP Photo/John McDonnell)

Overview

  • The Senate confirmed Kelly Loeffler as head of the Small Business Administration (SBA) in a 52-46 vote, returning the former Georgia senator to a prominent federal role.
  • Loeffler outlined plans to reduce regulatory burdens, expand access to SBA-backed loans and grants, and conduct a full-scale audit to address waste and inefficiencies.
  • Her confirmation faced criticism from Democrats, who raised concerns about her alignment with President Trump’s policies, including a controversial federal funding freeze targeting certain programs.
  • Loeffler, a billionaire business executive and philanthropist, has pledged to donate her annual $207,500 SBA salary to charity, continuing a practice from her time in the Senate.
  • The SBA, established in 1953, provides counseling, capital, and contracting expertise to small businesses and is the only federal Cabinet-level agency dedicated exclusively to their support.