This is a video that really drives home the point that the “bailout” Washington D.C.  is doing DOES NOT WORK, and there are others who fill the void.  No matter how you look at it, it looks like small business loan sharking, but it is better than no loan at all.

Would you do business with this type of guy?

So if we can’t find money from friends and family we might have to resort to these types of folks.  The regular banks have seemed to turn tail on making loans to small businesses.  What I am curious about is if small businesses are the engine that pull the economic train why isn’t there some sort of economic program set up by the SBA to get these types of loans in place?  In my understanding the SBA does NOT make loans, they help guarantee the loans that the small businesses must get from the banks on their own merit.

While the lobbying efforts for Fortune 500 companies is substantial there really is very little lobbying for small businesses that is effective.  If small businesses we just able to do two things:

1) be able to secure affordable loans

2) be able to get group coverage for health insurance at substantial discounts

We just might see the economy rebound significantly.  Think about this just two simple things could get the economy jump started.  Instead it seem like we have a snake trying to eat a horse with the new healthcare bill and the snake is not digesting it so well! ;-0)

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Small Business Lending and Loan Sharking