Linda McMahon Confirmed to Lead SBA

The Senate today voted 81 to 19 to confirm Linda McMahon as administrator of the Small Business Administration, a Cabinet-rank post. A two-time U.S. Senate candidate, McMahon was a co-founder and former CEO of World Wrestling Entertainment.

ABA President and CEO Rob Nichols congratulated McMahon, noting that he “looks forward to working with her and the SBA to provide credit that helps grow jobs across the country.” Nichols added that “banks are strong supporters of the SBA Advantage and SBA Grow loan programs and back increased funding to ensure small businesses have access to affordable credit. Small businesses are essential for communities to thrive, and we’re eager to build upon the growth-oriented cooperation between SBA and the banking industry.”