Office of Capital Access | Leadership

Office of Capital Access

Ann Marie Mehlum
Associate Administrator
Ann Marie Mehlum

Ann Marie Mehlum is the Associate Administrator of Capital Access at the U.S. Small Business Administration. Mehlum serves as the SBA’s chief loan officer and a key member of the senior staff under SBA Administrator Maria Contreras-Sweet.

Mehlum oversees SBA programs that provide access to capital for American small businesses, including the Agency’s long standing 7a general business loan guarantee program, the 504 Certified Development Company program, SBA microlending, and the SBA surety bond guarantee program. She oversees a team of 500 in the SBA’s Office of Capital Access that manages SBA’s public-private partnerships with a growing network of more than 2,500 American banks that offer SBA-backed loans.

To increase access to capital for underserved businesses, Mehlum is currently implementing a modernization plan that includes predictive credit scoring and an automated 7a lending application. Streamlining the agency’s guarantee process has already attracted hundreds of new lending partners into the SBA network.  Mehlum also implemented new policies to zero out fees for small loans, ease regulations and red tape for small firms seeking real estate loans, and boost lending to benefit women-owned businesses, minority-owned businesses, and low- and moderate-income borrowers.

Mehlum has more than 35 years of banking experience. For a decade, she served as founding President and CEO of Summit Bank in Eugene, Oregon.   She served as senior vice president and Chief Credit Administration of Siuslaw Bank in Oregon; vice president of Manufacturers Bank in San Francisco; and assistant vice president of Wells Fargo Bank in San Francisco. She served on the FDIC Community Bank Advisory Council as a voice for America’s community banks, and is a past president of the Oregon Bankers Association. In addition to her roles in the banking community, Mehlum has served on the boards of many non-profit and economic development organizations.

Mehlum earned her MBA from University of California Berkeley and served as a Fulbright-Hayes graduate research fellow in Bergen, Norway.