Let's Talk Business

Hit Pig [scoffer] asked:


Doesn’t it make more sense to spend 800 billion on making Loans to small business? Wouldn’t that be more stimulative quicker? nd with a robust and revived economy, would’ those loans be more likely to be paid back earning the Government (taxpayers) a profit?
Ignorance, actualy, you are both correct and incorrect.. Small business has accounted for about 80% of NEW jobs in America over the last 7 years… It would be incorrect for me to suggest that 80% f ALL jobs are with small business

Warren asked:


Please don’t go off on a rant about New Orleans either. Hundreds of thousands of good, hardworking people were affected by Katrina. Why is it people can defend the war in Iraq as a humanitarian effort when there are thousands of our own citizens homeless and numerous cities, towns, and communities (New Orleans too) destroyed. Many of them are well above sea level and miles inland from the coast. Please explain what I feel is a hypocritical attitude to have. Don’t say we’re fighting them there so we don’t have to fight them here, and war on terror and all that. I’m speaking of those who continue to use the “operation iraqi freedom” meme and justify the war as freeing the Iraqi citizens and rebuilding their lives by rebuilding the infrastructure and providing government services such as small business loans. Why do you feel it’s ok to use our tax dollars for that and bristle at the thought of using tax dollars to help gulf coasters? Sure there has been much fraud with katrina but millions are missing in iraq as well as 4000 guns. What’s your logic? I beginning to think that if it came down to it, with circumstances surrounding both situations and not knowing either party is a good or bad person, some of you would rather help an iraqi citizen than an American citizen.

Q Special asked:


I have the people, but not the capital or work place.
Are there government loans/grants?
Where do I start to look?
My friends/coworkers have seen others branch off and be successful. We are adults with perfect credit, home owners, just looking for a starting point.

Brian asked:


Loans up to $35,000 at prime + 2.0% (currently 5.25%) but the government pays all of the interest so they are interest free for the borrower.

A six month draw and then twelve month deferment on payments (that means no payment by the borrower for 18 months while the government is paying interest.

A five year repayment with a 100% guarantee to lenders from the SBA. (if the borrower defaults the government will pay the lender 100% of what is due).

The SBA expects most of these loans to default.

These will go only to approved business types (no casinos or strip clubs) and only for approved purposes (hopefully to save the small business).

http://www.sba.gov/recovery/arcloanprogram/index.html

You actually can discharge it in a bankruptcy. The lender will follow the bankruptcy and once discharged will file for their guarantee.

Billy K asked:


I’m talking all kinds of aid to business both big thru small, foreign or not, whether direct subsidies such as coporate bailouts, tax abatements, lease reductions or abatements (oil), loans, ANYTHING.

squeakysqueakywindows asked:


Currently, the U.S. government only provides small business startup loans. Where can I apply for a grant that will provide me with money for my business?

Nemo K asked:


I am a 28 year old Entrepreneur looking to open up a small business. I know I can take out a business loan, but i heard that there’s free government money that’s available to us. I got education grants when in school but need in for small business.

Thanks!

Buck C asked:


I’m on disability and I’ve looked around and around for the right government loans and grants to help me, the problem is I don’t know which place to take my perposal to ( which I’ve worked on for months now) and get started right away. If you know where to go to get the money please respond.

75160 asked:


(woman) business? I understand these programs exist for immigrants, but what about native born US Citizens? Any help would be greatly appreciated.

sharcook1975@sbcglobal.net asked:


There is a business in our town that the owner is dying, my husband works there, but we don’t have the money to buy the place. We have heard that there are government loans out there that can help, does anyone know?