think you understand why the US Chamber of Commerce opposes lending more to small business.
As one of the small town CoC members asked: "Who do they represent? Certainly not U.S."
What most of U.S. do not understand is that IF it requires a US Senator to raise US$ 55,000 per day, and it now does, that the only place they can get that kind of money is from huge corporations, and very wealthy individuals.
The Little People don't have the money that's needed, and are no longer relevant.
What the list below shows U.S. is that SBA insured US$ 1.5 Billion in May.
And, while they still are insuring SBA loans, they cannot keep up with the demand.
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BA weekly 7(a) loan volume
Week ended:
May 7: $212,545,000
May 14: $277,375,000
May 21: $326,122,000
May 28: $732,010,000
June 4: $59,936,000
June 11: $101,319,000
June 18: $43,965,000
June 25: $138,746,000
July 2: $132,849,000
July 9: $87,619,000
July 16: $194,501,000
July 23: $109,800,000
July 31: $125,778,000
Note: Higher government guarantee and fee waivers on these loans ended June 1.
============Help on small-biz loans not likely before September
http://phoenix.bizjournals.
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Small biz jobs bill: FAIL
http://money.cnn.com/2010/08/
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