Stimulus Reaching Out to the Business Owner

The Business section of the Chicago Tribune yesterday printed on its front page "Big Plans for SBA funds". That is great news to the entrepreneurial business owner.

Not only that, a few days ago, the director of business development at Union National Bank sent me an eblast whereby SBA reduced fees by 63%. That's pretty steep. Furthermore, according to our conversation, SBA loans are becoming more and more popular due to the fact that entrepreneurs conserve working capital - there's a 10% down payment; the SBA finances 40% and the participation bank takes on 50%. The risk is parlayed amongst 3 different entities.

One could complain that this could have come down the pike a bit earlier. But the point is that it is hear, today and available.