The FDIC and SBA took some time last week to listen to the various challenges that are keeping banks from lending more money to small businesses. While no solutions have come out of the forum yet, we can all retain hope that something productive will come out of the effort. For more on the recent forum, and efforts to boost small business lending, read the following article from The Street.
The backing of small-business loans with real estate collateral — problematic, since much of that collateral has been drastically devalued in recent years — got serious discussion Thursday at a forum sponsored by the Federal Deposit Insurance Corp.
Claim up to $26,000 per W2 Employee
- Billions of dollars in funding available
- Funds are available to U.S. Businesses NOW
- This is not a loan. These tax credits do not need to be repaid