Everything Kelly Loeffler said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Loeffler: SBA Cut Headcount by 53% and Canceled $3B in Contracts
“I've cut my own agency's headcount by 53%. That's about three hundred million a year just in salary and expense. We've cut three billion dollars of contract, needless contracts out of their”
Loeffler: Biden Administration Tried to Forgive $200B in Pandemic Loans
“The Biden administration tried to forgive those loans, sweep it under the rug to the tune of about two hundred billion dollars.”
Loeffler: SBA revoked USAID authority over a $700M migration study contract
“Well, yeah, and the SBA earlier last year had to remove USAID's contracting authority because they were blowing out these programs. Eight programs for seven hundred million dollars for one contract to detect the root causes of migration into the United States.…”
Loeffler: Biden administration banned SBA loans for purchasing AI technology
“In fact, with regard to AI, the Biden administration banned the use of SBA based loans for use of purchasing technology and AI.”
Loeffler: SBA has eliminated DEI criteria from loan underwriting guidelines
“We've stripped out the DEI that the last administration had put in.”
Loeffler: SBA Uncovered $9B in COVID Fraud in California, $430M in Minnesota
“Turns out, four hundred and thirty million dollars of fraud in Minnesota. Then we go to California, nine billion dollars of COVID era fraud.”
Loeffler: IG Report Found Overseas IP Addresses Obtained PPP Loans
“So we had an Inspector General report that said there were hundreds of people from overseas IP addresses that were getting PPP loans.”
Loeffler: SBA Removed 150 D.C.-Based Businesses from 8(a) Program
“We just removed a 150 Washington D.C. Based So-called small disadvantaged businesses from the program, because they were neither small nor disadvantaged, but they were Washington cronies.”
Loeffler: Biden administration policies led to 80% no-bid government contracts
“I mean, they moved it up from a five percent statutory target to 15% of all government contracting. That's why the program almost doubled under Biden, and it went to about 80% no-bid contracts.”
Loeffler: SBA Launches First 8(a) Audit in 45 Years, Expels 1,000 Firms
“That's why we're doing the first audit of this program in 45 years. It's never been looked at. We've already kicked a thousand people out of the program.”
Loeffler: AI will create millions of software and manufacturing solopreneurs
“We're gonna create millions of solopreneurs who are gonna have massive software companies or manufacturing companies thanks to AI.”
Loeffler: Previous SBA underwriting policies caused $400M increase in loan losses
“As a result, the loan loss portfolio, the, on the portfolio went way up, four hundred million dollars.”
Loeffler: Trump administration is cutting 10 regulations per new one
“President Trump is Leading the charge on that again. He did it in 2016, eliminating multiple regulations for each new one. We're doing it again, at least eliminating 10 for every new regulation”
Loeffler: Washington establishment is hostile to people in finance
“And I found when I got to Washington that the political establishments particularly on the left, are pretty hostile to people who have an interest in finance and understanding how to run a P and L, a balance sheet, and, To really follow through on what spendin…”
Loeffler: Current Cabinet Averages 13-15 Years Business Experience vs Biden's 2
“I think we have an average of 13 to 15 years business experience where the Biden administration had an average of Two years of private sector experience.”
Loeffler: SF Fed Found Government Spending Drove 43% of Inflation
“The San Francisco Fed came out with a survey that said about 43% of inflation can be explained through massive government spending.”
Loeffler: The US would not win back manufacturing without AI
“Without AI, we would not be winning back these industries”
Loeffler rewrote SBA rules allowing small businesses to finance AI implementation
“I had the rules rewritten. So now small business entrepreneurs, solopreneurs up to 515 hundred person factories can use the proceeds of their loan toward AI implementation, advanced manufacturing.”
Loeffler: David Sacks serves as AI and crypto ambassador in Trump administration
“Having David Sachs in this administration to be an ambassador for AI and crypto has been huge because it gives us a way to work across the administration.”
Loeffler: Biden Administration Passed Record $1.7 Trillion in Regulations
“And in fact, the Biden administration passed 1.7 trillion dollars in regulation, setting an all-time record by many multiples of massive regulation.”
Loeffler: Committed to never owning cryptocurrency as a 'no-coiner'
“I'm a no-coiner. I always committed to never owning the asset.”
Loeffler: SBA delivered a record $100B in capital last year
“Yeah, so last year we put out a record in aggregate. We had a hundred billion dollar impact in getting capital to Main Street. Forty-five billion of that was through our lending programs, through our community lenders. About fifty-three billion went through ou…”
Loeffler: SBA aims to share its fraud detection model across government
“The goal is to create a replicable model that we can apply to other parts of not just our agency, but to share that broadly across the administration.”
Loeffler: SBA will automate contracting programs to curb local influence
“And we're going to make this a much more rules-based program, automated, so that you can't influence your local business development Contract.”