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Trump's Pick For The SBA Struggled To Run Her Own Small Business

Kelly Loeffler describes herself as an entrepreneur whose work ethic propelled her from a simple family farm to the upper echelons of finance and politics. The truth is more complicated.
The article from Forbes, published on January 8, 2025, discusses Donald Trump's selection of Kelly Loeffler as the head of the Small Business Administration (SBA). It highlights Loeffler's past business ventures, particularly focusing on her struggles with her own small business, Bakkt, a digital asset marketplace. Despite her background in finance and her time as a U.S. Senator, Loeffler's tenure at Bakkt was marked by significant challenges including regulatory hurdles, market volatility, and operational issues, which led to skepticism about her ability to effectively lead the SBA. The piece also touches on her political career, her wealth, and the implications of her appointment in the context of Trump's administration, questioning whether her experience aligns with the needs of small businesses across America.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/danalexander/2025/01/08/trumps-pick-for-the-sba-kelly-loeffler-struggled-to-run-her-own-small-business/ ]