Saturday, March 13, 2010

Difficult Economic Scenario

Most of 2008 and continuing into 2009 small businesses have been seriously impacted from the "recession." Our federal government was quick to help the people that were at the root of cauising this problem. The banks and investment house had lost sight of whose money they were working with and made some very scary loans and investment packages. When things really deteriorated almost to the brink of depression the banks and large companies were bailed out to the tune of 78o billion or more. This has done very little to help small business, our customers are still unemployed and unable to contribute to our lack luster economy. There are many many small businesses that have closed their doors and others are struggling to keep them open. It seems that all the programs that have designed to help small buisinesses are not being implemented by the banks. Arc loans and SBA loans are virtually impossible to get from community banks. I believe that it is critical that small businesses get the help they deserve to sustain themselves during these difficult and challenging times. It is now time for those who have been bailed out to help small business.

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