Access to Capital Award

Erin Andrew Wins MBDA Access to Capital Award 2017

Erin Andrew, Managing Director of Government Contracting lending team, has received the U.S. Department of Commerce’s Minority Business Development Agency’s (MBDA) Access to Capital Award.

The Access to Capital Award recognizes champions of minority business development, who identify and implement solutions to support achievements of small business owners. For more than 30 years, the U.S. Department of Commerce’s Minority Business Development Agency (MBDA) has led the National MED WEEK program to bring together the thought leaders of minority businesses, government agencies, and executives of Fortune 500 companies.

In recognition of the 2017 National Minority Enterprise Development (MED) Week, MBDA honored 15 minority business enterprises (MBEs), businesses leaders and advocates for their leadership, commitment and excellence in advancing the interests and the economic achievements of the minority business community.

Nominated by the Greater El Paso Chamber of Commerce, Erin Andrew, managing director of government contracting at Live Oak Bank received the 2017 Access to Capital Award. To recognize her achievements and those of the other awardees, she and the other winners were invited to join the President of the United States and Secretary of the U.S. Department of Commerce.

“I am honored and humbled to be recognized for this award,” said Erin Andrew. “Every day we provide federal government contractors access to capital. However, there is still more we must do. The current 8a federal acquisition regulations for minority owned government contractors inhibit minority owned government contractors from transitioning their businesses and selling to other minority owned small businesses. We continue to champion solutions and policies that level the playing field and ensure that everyone has the opportunity to start and grow their business and live the American Dream. By offering custom financing solutions, we are one step closer toward minority owned contractors standing on equal footing with other similar small businesses.”

Since 1983, every U.S. president has issued a Presidential Proclamation designating National Minority Enterprise Development Week to recognize the contributions of the minority business community to the U.S. economy. This year, President Donald J. Trump proclaimed the 2017 National MED Week as Oct. 22-28.