Karen Mills, President Obama's nominee to head the Small Business Administration, said Wednesday that she planned to develop "additional measures that will reach banks that are not SBA lenders" to revitalize lending.

During her confirmation hearing in the Senate Small Business Committee, Mills said she also wanted to use new technology to make SBA connections with borrowers and lenders "more accessible, more seamless, more paperless."

Lawmakers urged Mills to try to elevate the position to a Cabinet-level post, but Mills said such a decision was up to the president.

Mills, a high-ranking executive at the consulting firm McKinsey & Co. before founding her own private-equity group said reviving the secondary market for SBA loans was crucial.

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