The head of the U.S. Small Business Administration took a tour of a Mechanicsburg business to see how they were able to find success with the help of the agency.
In 2014, the owners of Appalachian Brewing Company were looking to expand beer and craft soda production into a Mechanicsburg facility but found roadblocks with conventional lenders. They got help from the Small Business Administration.
SBA administrator Linda McMahon, a Trump cabinet member, is crossing the country to visit spots like ABC where SBA helped get the ball rolling. (Yes, the same McMahon who co-founded the World Wrestling Entertainment. )
The agency is not a lender itself but can guarantee sometimes risky loans made by local banks to small businesses.
“Not only do we help private access to capital, but through other resource partners, there is information on how to develop a business plan, you know, how much financing are you going to need?” McMahon said.
McMahon says federal tax cuts are also helping small businesses find extra cash.
She also visited Gettysburg before speaking at a small business day dinner in Harrisburg.