Pacific Asian Consortium in Employment

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PACE President & CEO Kerry Doi Testifies in Congressional Hearing on SBA Loan Program

On March 29, 2022, the House Small Business Committee’s Subcommittee on Economic Growth, Tax and Capital Access held a hearing to examine the role of community lenders in the Small Business Administration (SBA) programs. We are pleased to report that our President and CEO, Kerry Doi, was invited to testify at the hearing on PACE Business’ experience with the SBA Microloan program. 

“A hallmark of the Microloan program is the ongoing technical assistance needed to help underserved entrepreneurs succeed at every step of their business’ development,” said Kerry Doi, President and Chief Executive Officer of the Pacific Asian Consortium in Employment (PACE). “The Microloan program serves small businesses that encounter difficulty in gaining access to conventional lenders. By serving entrepreneurs that operate start-up and new businesses, lack sufficient collateral, or have limited or poor credit histories, the SBA Microloan program fills a gap in the private market.”

Click here to watch the testimony and here to read the written comments.  

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