Mon Jul 27, 2009 (Reuters) - ABC President, Jim Tracy, voiced his opinion in the ongoing debate regarding the government's allocation of stimulus dollars. America's Best Companies has taken a proactive approach in spurring new legislation to allow for more small business lending.
Below is an excerpt from the article published Monday, July 27th on Reuters:
The U.S. Small Business Administration got $730 million this year to recharge the small business lending market, nearly doubling its budget. However, some say the package was not well structured and dwarfed by the $180 billion the government committed to save insurer American International Group.
"Only $730 million going to the SBA didn't really help the small business owners," said James Tracy, president of America's Best Companies in Illinois, which represents small businesses nationwide.
"Small business owners are having a tough time financing themselves today because I believe that the stimulus plan should have allowed for more loans to small business owners," he said.
The full Reuters article can be read here:
Small business seeks help in U.S. economic stormIf you enjoyed this post, please consider leaving a comment or subscribing to our free newsletter to receive future articles and information delivered directly to your email inbox.
