Steve Smits
About Steve Smits
Steve Smits Chief Credit Officer
Steve Smits holds the position of Chief Credit Officer. In this role, he is responsible for overseeing all credit-related operations and ensuring the financial health of the organization's loan portfolio. His extensive background in finance and credit management positions him as a crucial leader within the company.
Former Associate Administrator for the Office of Capital Access
Prior to his current role, Steve Smits served as the Associate Administrator for the Office of Capital Access at the U.S. Small Business Administration (SBA). In this capacity, he was responsible for managing the SBA’s programs aimed at expanding access to capital for America’s small businesses. His role was pivotal in the administration's efforts to support small business growth and economic development.
Management of SBA’s $100 Billion Small Business Loan Portfolio
During his tenure at the SBA, Steve Smits managed a significant $100 billion small business loan portfolio. His responsibilities included overseeing the various loan programs and ensuring their effective operation and financial integrity. This experience highlights his expertise in large-scale financial management and his commitment to supporting small businesses.
Implementation of the Small Business Jobs Act Provisions
Steve Smits played an essential role in implementing the provisions of the Small Business Jobs Act, signed into law in September 2010. His contributions were crucial in ensuring that the act's measures effectively expanded access to capital for small businesses, thereby fostering economic growth and job creation. His involvement underscores his capability in policy implementation and regulatory compliance.