Apparently these small business are not very successful and are failure prone to
begin with. Business should be operating on its own profits and if they
aren't making a profit and floating on debt and borrowing then they
don't belong in business. These business are not business to trust and
should shut down and stop bankrupting this country with loans they don't
intend to pay.These are the pork and fat we have to stop government
from floating as economic dead weight. Why should the taxpayers and government
fund failed business who are mismanaging with fraudulent borrowing?Getting an SBA loan for operating capital is a mismanaged business and they
should not receive SBA loans to avoid bankruptcy. An SBA loan to a failed
business is pocket money for the owner to stash offshore in private cash
accounts so funding them is fraud.
Misleading Headline Alert!! "Congress Fails Small Business?" Really?
How about Barack Obama (aka, "The President") Fails Small
Business? His policies have put a lot of small businesses out of business, and
Obamacare will nail the coffin lid shut for a lot of them.It's
astounding how many forget that the President is a key player here. He's
part of the 3-legged stool. It's not a 2-legged stool! Obama has to sign
or agree to any "deal" and his refusal to negotiate, in league with
Harry Reid and Nancy Pelosi, are every bit as much to blame as Republicans are
for the shutdown and current mess!
Good to hear. Maybe those small business owners can learn not to be dependent on
Fan Base,The SBA does not provide loans to small business, the private
sector does. The small business underwrites or guaranteed about $30 billion last
year. Unfortunately private investors and lenders aren't very interested in
lending to Main Street. Although the SBA is not the primary source of funding
for small business, it's an important source for many. It might be
interesting to hear from some of the small business owners who have benefited
from the SBA guarantee program that so many folks like to malign. You might be
surprised at how many of the businesses you and I are familiar with have
benefited from the program.Thanks for reading.
You can't have people, or businesses being successful, if government is to
have a socialistic rule.See what's happening? Obamacare, etc?
Why does a small business owner need a loan from the government? We have banks
and private investors. And what about the good old idea of self-bootstrap? Start
small with something that can be moderately profitable, if the seed is good it
will grow and provide a revenue stream that will allow to expand. Perhaps it is
a good thing that the government is shut down. Makes us think about how to solve
problems without it.
Or would it be better if that $100M per day were kept in the private sector?
Chances are that private investors and lenders would be better at predicting the
success of a business than does a public employee who has no personal stake.