Erskine B. Bowles, the new head of the Small Business Administration, says his agency needs a strong dose of social responsibility.

Instead of providing loan guarantees for lenders on a first-come, first-served basis, Mr. Bowles wants to funnel loans to underserved individuals and communities. Minority and women-owned businesses, as well as firms in inner cities and poor rural areas, should come first, he says.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.