• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Donald Trump

How Linda McMahon Will Wrestle With the SBA

By
Jeremy Quittner
Jeremy Quittner
Down Arrow Button Icon
By
Jeremy Quittner
Jeremy Quittner
Down Arrow Button Icon
December 7, 2016, 6:20 PM ET

Donald Trump has thought way outside the box in his choice to head up the Small Business Administration.

On Wednesday, he announced he had chosen Linda McMahon, co-founder of World Wrestling Entertainment (WWE) and wife of Vince McMahon, chairman and CEO of WWE.

“Linda has a tremendous background and is widely recognized as one of the country’s top female executives advising businesses around the globe,” Trump said in a statement. He cited McMahon’s qualifications, which include building the WWE into a publicly traded organization of 800 employees from 13.

McMahon, 68, ran unsuccessfully for Senate on the Republican ticket for Connecticut in 2010 and 2012 and reportedly helped raise $6 million for Trump. The two have known each other a long time: Trump has appeared on WWE several times over the years and is a member of its Hall of Fame.

“I am honored to join the incredibly impressive economic team that President-elect Trump has assembled to ensure that we promote our country’s small businesses and help them grow and thrive,” McMahon said in accepting the nomination, according to a statement.

The Wall Street Journalreported last week that McMahon had met privately with the President-elect at Trump Tower.

Related: Trump’s Tuesday Cabinet Picks: Steven Mnuchin, Elaine Chao, and Tom Price

Entrepreneurship experts say the biggest challenge facing the SBA head will be keeping small business top of mind in the new administration, as well as making sure small-business owners have adequate access to capital. The SBA has a loan portfolio of $124 billion including its flagship 7(a) and 504 loans. That financing, plus its counseling, educational and technical assistance, are valuable supports. Yet McMahon’s experience is a significant departure from the prior two administrators. The SBA’s current head, Maria Contreras-Sweet, is a former entrepreneur and transportation and housing secretary for the state of California. She has made boosting lending and outreach to minority entrepreneurs a priority during her tenure.

Karen Mills, who preceded Contreras-Sweet, was formerly president of private equity firm Solera Capital, and a product manager for General Foods who served as a director of numerous companies, including Arrow Electronics (ARW) and Scotts Miracle-Gro. Under Mills’ tenure, the SBA was elevated to a cabinet position.

Mills, now a senior fellow at Harvard University, applauded Trump’s choice. “I was glad to see the administration keep the SBA a cabinet-level position and recognize that small businesses need someone at the table who knows what it takes to grow and run a small business,” she told Fortune in an email. “Small business needs to keep a strong voice on the White House economic team so they can continue to have the tools they need to grow and create jobs.”

Related:Donald Trump Taps WWE Co-Founder Linda McMahon to Lead Small Business Administration

Small-business advocacy group Small Business Majority (SBM) is circumspect on the pick.

“While we would have liked to see someone nominated who has more direct small business experience, we hope Linda McMahon will play a strong role advocating for the needs of small businesses in the new administration,” said John Arensmeyer, the SBM’s founder. “We would like to see her continue the good work of Maria Contreras-Sweet and Karen Mills to help get more capital and resources to our nation’s entrepreneurs, particularly women and minority-small business owners.”

About the Author
By Jeremy Quittner
See full bioRight Arrow Button Icon

Latest in

North Americagun violence
At least 2 killed and 8 injured hurt in shooting at Brown University with suspect still at large
By Kimberlee Kruesi, Alanna Durkin Richer, Jennifer McDermott and The Associated PressDecember 13, 2025
7 hours ago
North AmericaMexico
U.S., Mexico strike deal to settle Rio Grande water dispute
By Fabiola Zerpa and BloombergDecember 13, 2025
8 hours ago
InvestingSports
Big 12 in advanced talks for deal with RedBird-backed fund
By Giles Turner and BloombergDecember 13, 2025
8 hours ago
AIchief executive officer (CEO)
Microsoft AI boss Suleyman opens up about his peers and calls Elon Musk a ‘bulldozer’ with ‘superhuman capabilities to bend reality to his will’
By Jason MaDecember 13, 2025
9 hours ago
Danish military forces participate in an exercise with hundreds of troops from several European NATO members in the Arctic Ocean in Nuuk, Greenland, Monday, Sept. 15, 2025.
PoliticsDonald Trump
Danish intelligence report warns of U.S. economic leverage and military threat under Trump
By The Associated PressDecember 13, 2025
9 hours ago
Ukrainian President Volodymyr Zelensky gives a joint press conference in Kyiv, Ukraine in 2023 as European leaders visit the country 18 months after the start of Russia's invasion.
EuropeUkraine invasion
EU indefinitely freezes Russian assets to prevent Hungary and Slovakia from vetoing billions of euros being sent to support Ukraine
By Lorne Cook and The Associated PressDecember 13, 2025
9 hours ago

Most Popular

placeholder alt text
Success
Apple cofounder Ronald Wayne sold his 10% stake for $800 in 1976—today it’d be worth up to $400 billion
By Preston ForeDecember 12, 2025
2 days ago
placeholder alt text
Economy
Tariffs are taxes and they were used to finance the federal government until the 1913 income tax. A top economist breaks it down
By Kent JonesDecember 12, 2025
2 days ago
placeholder alt text
Success
40% of Stanford undergrads receive disability accommodations—but it’s become a college-wide phenomenon as Gen Z try to succeed in the current climate
By Preston ForeDecember 12, 2025
2 days ago
placeholder alt text
Economy
The Fed just ‘Trump-proofed’ itself with a unanimous move to preempt a potential leadership shake-up
By Jason MaDecember 12, 2025
1 day ago
placeholder alt text
Success
Apple CEO Tim Cook out-earns the average American’s salary in just 7 hours—to put that into context, he could buy a new $439,000 home in just 2 days
By Emma BurleighDecember 12, 2025
2 days ago
placeholder alt text
Economy
For the first time since Trump’s tariff rollout, import tax revenue has fallen, threatening his lofty plans to slash the $38 trillion national debt
By Sasha RogelbergDecember 12, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.