07/27/2010
Is the $30 Billion Small Business Aid Package Just Another TARP?
There are criticisms against the latest proposed small business aid program that it might just be a community version of the Troubled Asset Relief Program (TARP).
According to Inc., the Senate voted 60-37 to attach the $30 billion program to go before the Senate once more this week in an attempt at generating what’s projected to be nearly $300 billion in leveraged small business loans.
On a national lens and in the shadow of TARP, it looks like another bailout. However, as small business financing specialists, we know that this money is in demand by the entrepreneurs and owners who need it as operating capital, as property acquisition capital, or as equipment leasing capital.
This money is borrowed to make ends meet, to launch new products or services, and to meet payroll and tax expectations. When businesses can breathe, production continues. Jobs and progress proceed as small business owners push through these troubling economic times.
What are your thoughts and opinions? Only by vocalizing what you see and feel in your own community can we dissipate the misconception held by the mainstream media that it’s “just another bailout.”
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