Comments for SBA Loans Blog http://www.sbaloans.com/blog Fri, 29 Jan 2010 20:22:42 +0000 hourly 1 http://wordpress.org/?v=3.0 Comment on SBA Stimulus Funding Extended Through February by W3 Business Advisors http://www.sbaloans.com/blog/sba-stimulus-funding-extended-through-february/comment-page-1/#comment-455 W3 Business Advisors Fri, 29 Jan 2010 20:22:42 +0000 http://www.sbaloans.com/blog/?p=110#comment-455 I think they need to do everything possible to stimulate this area for growth and keep small businesses moving along. They are the life blood of our community. I think they need to do everything possible to stimulate this area for growth and keep small businesses moving along. They are the life blood of our community.

]]> Comment on Possible Quick Increase in SBA Lending by David Blake http://www.sbaloans.com/blog/possible-quick-increase-in-sba-lending/comment-page-1/#comment-397 David Blake Sat, 16 Jan 2010 17:26:15 +0000 http://www.sbaloans.com/blog/?p=106#comment-397 Given the horror stories I have heard and the one I personally experienced, I would stay far, far away from any dealings with Bank of America. That institution is not about "helping"anyone. especially small business!! Given the horror stories I have heard and the one I personally experienced, I would stay far, far away from any dealings with Bank of America. That institution is not about “helping”anyone. especially small business!!

]]> Comment on SBA Stimulus Cash Down to Zero by W3 Business Advisors http://www.sbaloans.com/blog/sba-stimulus-cash-down-to-zero/comment-page-1/#comment-296 W3 Business Advisors Thu, 17 Dec 2009 19:15:12 +0000 http://www.sbaloans.com/blog/?p=102#comment-296 It is good that the government is stepping to infuse cash into these programs that are aimed at small businesses but unless the banks take it upon themselves to start taking risks and offering much needed cash for small businesses it will take some time to really turn around. It is good that the government is stepping to infuse cash into these programs that are aimed at small businesses but unless the banks take it upon themselves to start taking risks and offering much needed cash for small businesses it will take some time to really turn around.

]]> Comment on Q2 2009 SBA Lending Down 30% by Tyson F. Gautreaux http://www.sbaloans.com/blog/q2-2009-sba-lending-down-30/comment-page-1/#comment-272 Tyson F. Gautreaux Sat, 05 Dec 2009 20:21:44 +0000 http://www.sbaloans.com/blog/?p=22#comment-272 What has happened is that all of the people that qualified for home loans for people with bad credit are now going into default on their loans. In the last 2 years, the entire housing industry has seen major declines in home values due to the huge rise in defaults. Once you can teach yourself that you can handle the responsibility, then you can consider a home loan. In general, currently, banks who are issuing home loans are looking for someone with a credit score above 700. What has happened is that all of the people that qualified for home loans for people with bad credit are now going into default on their loans. In the last 2 years, the entire housing industry has seen major declines in home values due to the huge rise in defaults. Once you can teach yourself that you can handle the responsibility, then you can consider a home loan. In general, currently, banks who are issuing home loans are looking for someone with a credit score above 700.

]]> Comment on SBA to Spur Growth with New 504 Loan Requirements by VIRAJ PATEL http://www.sbaloans.com/blog/sba-to-spur-growth-with-new-504-loan-requirements/comment-page-1/#comment-159 VIRAJ PATEL Wed, 14 Oct 2009 17:52:54 +0000 http://www.sbaloans.com/blog/?p=25#comment-159 I agree with Anthony Mallgren. In todays business envirnment almost all busines can not make positive cashflow and that has been true for last 5 to 7 years. cost of doing business is very high. I agree with Anthony Mallgren. In todays business envirnment almost all busines can not make positive cashflow and that has been true for last 5 to 7 years. cost of doing business is very high.

]]> Comment on Q2 2009 SBA Lending Down 30% by R. Morrison http://www.sbaloans.com/blog/q2-2009-sba-lending-down-30/comment-page-1/#comment-74 R. Morrison Thu, 10 Sep 2009 16:15:43 +0000 http://www.sbaloans.com/blog/?p=22#comment-74 No surprise here considering that the banks are just not lending money to viable American Small Businesses. We applied for a $35,000 line of credit, personally guaranteed and co-signed by one of our millionaire partners and was still denied because we have been in business for 5 years without any credit history. We have financed everything ourselves and need capital to continue and take salaries. We have viable products and customers, but that doesn't matter. Our energy saving and green products are also all MADE IN THE U.S.A., and now we have to close and lay everyone off. More business for our overseas competitor!! No surprise here considering that the banks are just not lending money to viable American Small Businesses. We applied for a $35,000 line of credit, personally guaranteed and co-signed by one of our millionaire partners and was still denied because we have been in business for 5 years without any credit history. We have financed everything ourselves and need capital to continue and take salaries. We have viable products and customers, but that doesn’t matter. Our energy saving and green products are also all MADE IN THE U.S.A., and now we have to close and lay everyone off. More business for our overseas competitor!!

]]> Comment on SBA to Spur Growth with New 504 Loan Requirements by Anthony Mallgren http://www.sbaloans.com/blog/sba-to-spur-growth-with-new-504-loan-requirements/comment-page-1/#comment-43 Anthony Mallgren Sun, 23 Aug 2009 10:55:05 +0000 http://www.sbaloans.com/blog/?p=25#comment-43 This is great change, but in reality it barely touches the amount of financing that needs to be dumped into the economy to properly weight the economic scale. The dramatic oversaturation of the real-estate lending market that has taken place over the past 20 years has sufficated business. We need major funds and programs that can sustain intellectual property from failed ventures and spur bids for the patents and other valuable assets when businesses undergo dissolution. Until we revive our historical economic value creation engine, we will continue to suffer the effects of an improperly balanced economy. Our only other hope is to catch a draft horse in the global race. This is great change, but in reality it barely touches the amount of financing that needs to be dumped into the economy to properly weight the economic scale. The dramatic oversaturation of the real-estate lending market that has taken place over the past 20 years has sufficated business. We need major funds and programs that can sustain intellectual property from failed ventures and spur bids for the patents and other valuable assets when businesses undergo dissolution.

Until we revive our historical economic value creation engine, we will continue to suffer the effects of an improperly balanced economy. Our only other hope is to catch a draft horse in the global race.

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