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Sure enough, many of the small businesses that I see today are indeed struggling with getting access to working capital and maintaining positive cash flow. Less regulation and corporate taxes put cash back into small businesses hands and helps to increase cash flow for hiring employees, ordering inventory and all sorts of economy boosting measures. It just seems so obvious! Bad Credit Car Loan

<p>I think it's great that President Obama and Treasury Secretary Geithner want to help struggling small business by lending over 375 million but don't I don't really see a point if corporate income taxes continue to grow. For instance, the state of Illinois jumped from 7.5% to an alarming 9.5% and will stay at that level until at least 2015. This puts small businesses at a major disadvantage, I know you can make an argument saying states such as South Dakota, Nevada, Wyoming, and Florida do not have a corporate income tax which actually promotes small business but why can't we just keep the tax exemptions even across the board? This way struggling small businesses won't have to rely on government lending and can flourish in their respective states.</p>

Hopefully this is something that will work out for Obama, he's had it ruff so far.

Obama is doing great and it is good idea to boost the small business and it will help the people who have low income and want to try to do business. Locksmiths Locksmiths Message Edited by NicoleD on 08-26-2009 12:46 PM

  Right on Cosmic Rabbit!!!      How about some real help for small business. How about a great % rate for a loan!  Like 3.00% sound crazy..... Its not .. how about spurrrring  some real growth in this great USA .... why not cut taxes .... wow!    We are one of the highest taxed countries in the WORLD   Is it a wonder that business leaves this country?   No it is not... (you have to make a buck)   Its about being profitable when you are in business.   That ability to make a dollar and be able to hang onto it $$$ NOT TO BE TAXED TO DEATH...   Give us back our money that we make... CUT TAXES .. Get off my dollar!  get out of my pocket!    That will keep business here! In the United States of America! That will grow business here! In the United States of America!    That is the bottom line. Its as plain as the nose on your face! 

Yikes, Cosmic Rabbit. Don't shoot the messenger. We're just an information service set up to help small businesses understand what's available from their government to help start, manage and operate their businesses. We aren't part of the political process.

Maybe, the government should STOP HELPING THE BANKS, and instead start dealing with Small Business owners directly...how many BILLIONS (TENS OF BILLIONS) have been given to the Citi Bank, JP Morgans, Bank of American, HSBC, Duestch Bank( in Germany...they got 12 Billion of the AIG funds) of the world, and how much BETTER SPENT would that money have been making loans directly to the Small Business Entreprenuers? (Not one TOXIC asset was bought with all our money) I could have bought up every TOXIC MORTGAGE, refinanced the homes at 4 percent interest for 30 years, and had what....1.6 TRILLION to use in stimulating the economy through Direct LOANS/GRANTS to the Small Business Community. Instead, Obama continues using the same failed policy of TRICKLE DOWN ECONOMICS that got us here. Let's be honest....most of what the President is doing is aimed at helping so called Small Business that is NOT SMALL BUSINESS. Tell us Mr and Ms Moderator what Obama has on board RIGHT NOW to make AFFORDABLE CREDIT available to say small businesses that need under $50K. How many Small Businesses could create a lot more jobs if their credit line was not with Ameircan Express at 18 percent interest? We need a paradigm shift, and so far this web site is failing to deliver on that need. If you have access to Mr. Obama's ear, tell him to GIVE REAL PEOPLE a seat at the table...the President of Caterpillar is NOT THE VOICE of Small Business America. How can our nation help the Small Business Community when they get their marching orders from the likes of Mr. Buffett, Bill Gates and the National Chamber of Commerce that has a Pro-BIG BUSINESS cheap labor, guest worker, AMNESTY agenda that is bad for small business. Cosmic Rabbit Green Nuclear Underground Message Edited by NicoleD on 09-30-2009 12:51 PM

No the 90% g'tee is only on the 7(a) program for loans up to $1,666,00.   As far as I know the 10% equity requirement is still in effect. Somewhere down the road, the 504 program will be able to be used to refinance debt. I don't know how the 10% equity rule will be applied there if at all.   The current maximum rate on most 7a loans is 6%, which is WSJ prime plus 2.75% adusting no more often than monthly. I don't think the plan will change the maximum rates, but the banks can offer you a lower rate if they think you qualify and the risk is less.

Will the 90% SBA guarantee on business loans include 504 loans?     If so, has the 10% down payment been lowered for the borrower?   Will this plan have any affect on lowering interest rates on SBA guaranteed loans?