I recently had the opportunity to participate in 'Inc.''s first-ever 'Hire Power Awards' event in Washington, D.C. The event was a testament to the power of American entrepreneurship and the role that it plays in driving job creation and innovation in a wide array of industries.

In October 2008, when the credit crunch hit, small businesses were really crushed by the lack of capital.

Small businesses, you can give them capital, but what they often need as much is mentoring, advice and help with their business plan.

I grew up in a family business... that really has provided the core of my belief in American small business, and in America's ability to grow and operate important businesses that can compete and be successful.

Small businesses have told us that having cash in their pocket is one of the primary things that they need.

I saw the S.B.A. with just enormous potential, and that's what I told the president - this is really a jewel.

Small businesses are really the engine in the economy.