Small Business and Lending Issues Considered

Not long ago, I talked with a girl who had started her own business and she or he noted that it was very arduous for her to get the cash she wanted or to get a mortgage to get going. No Venture Capitalists have been interested, didn't even call her back, and with all due respect, if I had been in the VC sector, I wouldn't have either. No enterprise bank was interested, and even the wealthy people in the area, potential angle buyers weren't intrigued in the least, not even to take heed to her pitch. Okay so, let's talk lets?

Now then, ought to the federal government present information and help to future small companies to help them secure a loan? Ought to the US authorities and SBA be involved in business loan programs? Personally, I've seen the SBA's mortgage program abused by Franchising Companies, and by those in a position to search minority or woman owned enterprise standing to get the money.

Certainly, I've an issue with that, not that I don't like minorities, in fact, I usually find them much better and more durable employees than the average fat, dumb, and glad American; nor do I have a problem with women, I love them. It is simply that we'd like an equal and balanced taking part in field - and true fairness would be equal alternative and no free-rides or advances primarily based on intercourse, race, religion, or any of a variety of different things we have artificially created to make everyone equal to the point of absurdity.

Fact be told, our SBA loan program is a joke. I do know, because I used to be a franchisor earlier than retirement, I watched how they operated, the time delays, which have been often insane, too many rules, regulations, and too much emphasis on minority and girl owned businesses, not only within the mortgage program but also in government contracting, it's a shame bathed in pathetic political correctness with no finish in sight. This coupled with what is going on on at this time, and understand my experience was again 10-15 years in the past, with the Obama Administration working all of it, it is only a giant wasteful bureaucracy of epic proportions run by quasi-socialists. It's wonderful hypocrisy once you look carefully at all of it in my opinion.

The Wall Avenue Journal had an fascinating article published on September 25, 2012 titled; "UK Plans a Lender to Smaller Businesses," by Nicholas Profitable, Ainsley Thomson, and Margot Patrick which noted the UK authorities setting up a program just like the US government's SBA small business mortgage program.

It looks as if the UK wants to imitate the SBA program, get the government to ensure it all, otherwise the business banks will continue to make BS loans, and refuse those new risky small enterprise start-ups. However really banks should not capable of make stupid risky loans, and when mandated to do so, or if these loans are guaranteed, they will make tons of them. Do you bear in mind the housing bubble within the US? Living proof, this is just unhealthy banking. Please consider all this and think on it.