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house Bill H.R. 1023

Should Small Business Investment Companies Give More Loans to Small Businesses?

Argument in favor

Letting SBICs invest more in small businesses with the SBA’s guarantee will benefit small businesses, their current and future employees, and their customers.

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07/12/2015
To disallow such investment associations to fund small businesses is to force such businesses to rely on corrupt banks who have proven unreliable during financial crisis while also preventing millions of dollars to be invested into small businesses. If we are so willing to use trillions in taxpayer funds to bail out large and corrupt banks, the least we can do is prevent those affected from losing their businesses when they (large banks) screw up again.
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saitias's Opinion
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07/14/2015
Been trying to secure an sbl for several months now and it's nearly impossible. I own a profitable company, I should be able to secure a low interest loan if the big banks are failing and borrow at 0% from Uncle Sam.
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John's Opinion
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07/13/2015
Yes, But only if there are NO MORE BAILOUTS. If the banks do the risk analysis and want to give the loan, there should not exist quotas that prevent them. But if the loan goes bad, we the tax payers should not be on the hook!
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Argument opposed

Raising the cap on leveraged SBA funds for SBICs could lead to bigger losses if the economy were to experience another significant downturn.

Brent's Opinion
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07/13/2015
Keep the government out of the economy. The economy runs it self.
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Curmudgeon's Opinion
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07/12/2015
This is a duplication of a previous discussion. To use taxpayer capital as an investor in private start ups is a Fascistic idea that leads to corruption and Statism. If our government wants to see growth it must pursue lower capital gains taxation policy, which cannot be sold by the party of populist pander.
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bmitchell4217's Opinion
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07/17/2015
Most SBA loans are not SBA funded, but rather SBA guaranteed or insured. If we think the SBA needs to insure loans differently, just change the underwriting criteria. Leave the bank funding the loan with some moral hazard and you've fixed the problem. Free money from the government is not the solution.
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    To disallow such investment associations to fund small businesses is to force such businesses to rely on corrupt banks who have proven unreliable during financial crisis while also preventing millions of dollars to be invested into small businesses. If we are so willing to use trillions in taxpayer funds to bail out large and corrupt banks, the least we can do is prevent those affected from losing their businesses when they (large banks) screw up again.
    Like (7)
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    Been trying to secure an sbl for several months now and it's nearly impossible. I own a profitable company, I should be able to secure a low interest loan if the big banks are failing and borrow at 0% from Uncle Sam.
    Like (5)
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    Yes, But only if there are NO MORE BAILOUTS. If the banks do the risk analysis and want to give the loan, there should not exist quotas that prevent them. But if the loan goes bad, we the tax payers should not be on the hook!
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    Keep the government out of the economy. The economy runs it self.
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    For small business investment companies to distribute an increase amount of loans to their primary source allies (in this case small businesses) would greatly be investment companies cup of tea. Due to the reasoning that private sector investment companies have a preference to invest in thriving, innovative and influential business is so their profits can boom from the benefit. Investment companies occupation is to evidently invest in business that have been funded to develop innovations to prosper! Coming from a financial and economic perspective of investment companies they want to see their shares profusely growing to have low interest rates and hopefully dodge a downfall as well. Let me ask you something: if it's investment companies due diligence to invest in business that are innovative and thriving wouldn't funding an increase amount of money for these businesses give the entrepreneurs more capabilities to establish thriving resources to boom the profit of investment companies? In other words funding and increase amount of funding on the behalf of investment companies would increase the ability for new resources to be develop so in return investment companies can greatly avoid erratic downfalls and replace them with IMPECCABLE RESULTS FOR FUTHER PROSPERITY IN THE INVESTMENT MARKET AND PRIVATE SECTOR AS WELL. Overall, it behooves investment companies to escalate funding for their shared-business to thrive finically for future influence and growth, especially taking advantage of the private sector in cosmopolis cities (or urban regions, cities). Thank you for your time
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    All small to grow needs help
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    Alright, I'm willing to get behind legislation that claims it can increase small business investing. However, I'd warn against too many deregulation a like this which would open up the market to another crash.
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    That's what they are suppose to do! BREATHE SOME LIFE INTO SMALL BUSINESSES AND FOSTER THEIR GROWTH AN INNOVATIONS!!!!!!!!!!!!
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    This is a duplication of a previous discussion. To use taxpayer capital as an investor in private start ups is a Fascistic idea that leads to corruption and Statism. If our government wants to see growth it must pursue lower capital gains taxation policy, which cannot be sold by the party of populist pander.
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    Most SBA loans are not SBA funded, but rather SBA guaranteed or insured. If we think the SBA needs to insure loans differently, just change the underwriting criteria. Leave the bank funding the loan with some moral hazard and you've fixed the problem. Free money from the government is not the solution.
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    No requirements
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    I don't think but there is any reason to believe that small business loans will contribute significantly to another economic meltdown. If congress actually cared about economic catastrophe, they would break up the too-big-to-jail-or-fail banks, the huge financial institutions & implement Dodd-Frank. Since that seems to be an alternate reality to our elected officials, perhaps it would be wise not to nickel & dime small businesses in the guise of being fiscally responsible. No one believe you even know what fiscal responsibility looks like so let's not pretend!!
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    It will show support for the American companies. And the companies can benefit from it to get a profit. They can get paid so they can pay the bills and pay taxes let the small businesses have a chance to grow.
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    Sorry but 350 million is not small.
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    Small means Small. Now you only have to define SMALL
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    My opinion.
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    Small companies should be given opportunities to acquire other loans to build their business to provide more jobs for the unemployed
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    Yes, to the extent possible without creating a replay of 2008.
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    What are banks, savings and loans and credit unions for?
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    Let the free market decide
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