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“When the pandemic hit, it was a whole new approach because the PPP loan program was really a grant delivered through banks, it wasn’t traditional SBA lending,” said Hulit. “But anybody with experience working with the bureaucracies of the SBA understood how to better implement the program and deliver it efficiently.”
Experience Hulit acquired as Acting Director of the U.S. SBA under President Barack Obama, during the last economic recession where the agency played a critical role in the American Recovery and Reinvestment Act, an essential bill for small businesses to receive capital.
She is currently a member of the Maine Bankers Association executive committee and has been in Maine’s banking sector for 25 years, before that she worked in state government and in the non-profit community.