Is $30 Billion Enough To Stimulate Small-Business Growth?

Posted by C_Consultingllc under Raising Capital
From http://www.clutchconsulting.net 4878 days ago

Nathan R Mitchell|Small Business Consultant|Clutch Consulting|Tulsa OK addresses President Obama's efforts to stimulate small-business lending.

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Comments

Written by ShawnHessinger
4875 days ago

Hi Nathan,

Great post which again begs the question which comes first, small business loans or demand? I think the problem with government loan programs is that they consistently ignore a very important part of the equation.

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Written by ShawnHessinger
4875 days ago

Thanks for the added insight, Nathan. By the way, I've shared your post on our Facebook fan page to try to get some more discussion going. Don't know if you've joined us over there yet, but we'd love to have you!

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Written by C_Consultingllc
4875 days ago

Shawn,

I'm not so sure that lower interest rates are the answer for banks. It could be. Although the economy is showing signs of recovering, it's still not great! 50% of small businesses fail within five years. I would be interested to see how many start-ups fail within five years during an economic recession. I'm assuming the percentage would be higher. I think banks are simply reluctant right now. We will see what happens.

All the best,

Nathan

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