Obama is hurting small business owners

Read the article. Damning stuff and more reason why I'm voting for Romney.

Fifty-five percent of small business owners and manufacturers would not have started their businesses in today’s economy, according to a new poll that also reports 69 percent say President Obama’s regulatory policies have hurt their businesses.




http://washingtonexaminer.com/55-pe...oday-blame-obama/article/2509069#.UGNpSI2PVLd

 

Obama Administration Has Good News For Small Business Owners

When it comes to small business loans, the Obama administration may be the best friend that entrepreneurs will ever have, according to the makers of a new website, SBAdirectloans.com

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"The Obama administration has set aside billions to help...I only wish more entrepreneurs knew this money is there waiting for them."

Washington, DC (PRWEB) June 24, 2011
For a small business owner -- or anyone desiring to be a small business owner -- the options for getting a small business loan are worse than ever. Which is why the founders of SBAdirectloans.com are offering a new service to connect small business owners with SBA funding.
According to a recent study from Pepperdine Unversity, banks are denying the majority (60%) of loan applications, and 71% of business owners report not turning to friends and family after being denied a bank loan.
In the old days, bootstrapping meant maxing credit cards, borrowing against home equity, even soliciting extra funds from friends and family.
Now, all those money sources -- from start-up cash to operating capital -- aren't so available anymore.
In fact, personal lines of credit have been slashed, home equity has plummeted, and the local bank is scared of lending to any business with cash-flow troubles.
What's an entrepreneur to do?
**Obama to the rescue**
An SBA loan -- SBA stands for Small Business Administration, an agency of the Federal government -- is not directly loaned by the government to small businesses, but rather provides guaranteed funding so that bankers and private lenders can lend without fear of default.
According to SBAdirectloans.com, most start-ups and established small businesses qualify for some type of SBA funding or guaranteed small business loan.
SBA-guaranteed loans generally come with far more favorable terms and relaxed lending guidelines than traditional bank business loans.
Unfortunately for small business owners -- even ones who KNOW about SBA-guaranteed loans -- bankers are not often the best lenders of SBA-secured loans, according to SBA loan expert Mike Robbins, founder of SBAdirectloans.com.
Banks will often have lending guidelines they overlay on top of the SBA requirements. So an entrepreneur looking for SBA-funding may be denied by a bank even though he would otherwise qualify for an SBA-guaranteed loan.
Does the entrepreneur have a choice? Yes, he or she can contact an SBA-lending specialist who is not limited by a single bank's SBA-lending overlays.
Most banks have their own rules for lending, and they add those extra limitations -- called overlays -- on top of the SBA loan process.
For example, many banks have overlays that restrict lending for opening a 7-11 or convenience store. But SBA guidelines don't restrict lending to open a 7-11 or convenience store.
Being able to borrow an SBA-guaranteed loan without the bank's extra restrictions or overlays can make the difference between success and frustration when it comes to borrowing needed capital.
Convenience stores, gas stations, even hotels and motels lose SBA funding because of bank overlays.
An SBA lending expert can identify SBA-guaranteed funds that are not subject to these additional bank restrictions.
SBA loans may be used for commercial property, for equipment purchase or leasing, or for working capital.
SBA lending expert Mike Robbins says that it's shocking how few small business owners even know this SBA lending program exists, or that options exist other than from traditional banks.
"Small business owners right now are sick with worry over their business," Robbins says. "They simply don't realize that a private lending professional can get them SBA-guaranteed funds in as little as a month. Even if every bank in their town says no, it's still possible to get an SBA loan."
"The Obama administration has set aside billions to help entrepreneurs," Robbins continued. "And the president deserves credit for making these funds available. I only wish more entrepreneurs knew this money is there waiting for them."
Robbins created a website, http://SBAdirectloans.com, to help small business owners receive SBA-guaranteed funding.

 

Loki at this point we have to accept that Iggy likes to be a troll on this subject he ignores facts like you've posted or my favorite BUSINESS LOANS HAVE THE LOWEST INTEREST RATE EVER IN HISTORY.
But to him Obama is evil just because he says so.
I can accept Republicans just wanting a Republican president or even feeling more secure with a white one but at least make arguments based on facts not bs. It makes dialogue absolutely impossible.

 

I agree, the main reason I respond to these kind of posts if for the edification of others who may be mislead by such misinformation. I believe that is the true motive of Iggy and some others who post here, to mislead others, thus I try not to leave such posts unchallenged.

 

Agree with Loki.
Yeah of course Iggy is trolling, but when he starts these nonsense threads, there's an obligation to knock his ass out the box!!!!:smt038

 

Hahaha

This is better than Comedy Central.
Oh my side is in stitches and I can't catch my breath.

Ahahahahaha. Good one Iggy. You so funny.

 

Huh??????

Obama is hurting small business owners????????

I'm sure Key & Peel would have somethin' to say about this!.........lol

 

Care to refute the article? Yeah thats what I thought. You cant.

 

I already did that. Yeah, that's what I thought.

 

I don't have too
Loki did that already.

Care to find an article with more credibility than drivel spewed forth by Anschutz?
Yeah that's what I thought. You can't.

 

Btw iggy

Have your read the comments to some of the articles at that shit sack called the Washington examiner?

It's a bunch of people hating other people for hating us.
I guess that makes sense. In some backassward fucked over parallel universe.

And they arent overly shy about using the N word to describe our president either.

Let me guess. They live in a trailor and drink keystone lite...hang guns as Christmas ornaments, piss on the Koran instead of a toilet and call their sister mom.

 

False.

Why is it that so many small business owners are hesitant to invest? My article showed that. It also shows that they have zero confidence in the Obama administration.

 

False, my article showed unassailable facts that the Obama administration has indeed made improving small business opportunities a priority by making much needed capital available for the small business owner. Your article showed an uninformed opinion of a sample set of a limited number of most likely biased (given the source) small business owners.

 

You're a little slow but thats okay.

My article showed that a TON of small business owners are hesitate to get involved.

 

Right...hmm let's see, the article quotes a "poll", which by its very definition means a random sample set, not a literal TON of business owners, conducted by a group called Public Opinion Strategies, the little tidbit below comes from their website,

"About half of our research is dedicated to winning elections. Our political client base includes nineteen U.S. Senators, six Governors, over seventy Members of Congress, and numerous state legislative caucuses."

Oh yes Iggy, clearly the article you posted showed an unbiased and completely fair poll done by such an austere group.

Don't try to run with the big dogs Iggy, you make yourself look silly. And oh by the way you meant to type "hesitant" not hesitate in your response.

 

lol fair enough. There is no reasoning with some of you.


I'm not gonna go and call you guys clowns but damn if you're happy with Obama's "nanny state" bullshit, then I dont know what else to call ya.

Enjoy the foodstamps folks.

 

Way to waive the white flag of surrender, your post was exposed for the right-wing BS propaganda that it is, so you slither off while tossing out a few ad hominem insults. Truly pathetic, you probably think that its "just coincidence" that Public Opinion Strategies only works with republicans. Don't try to sell your snake oil here Iggy, too many vigilant and informed members.

 

lol
Didnt throw up the white flag at all. But keep telling youserlf that if it makes you feel any better.
:smt043

 

Great, glad to hear it, lets see you defend your poll and it's so called findings, now that you know it's source.

 

AND it was printed in the Washington examiner to boot.

Some source.