User talk:Capital LookUp
Why are we not doing more for our small businesses? Small companies do so much to help our economy - from the national level all the way down to the local level.
Locally, small businesses create jobs, provide needed products and services in your community and contribute a whole lot to the local tax base that is then re-allocated back into the community.
Nationally, as small businesses grow and prosper in their own communities, they not only lift those communities up to a higher level but they also lift up their regions and their states. And, as we get our states to grow, our nation grows along with them.
And, as our nation grows, our economy grows, we then have a better chance of solving the problems we face as a nation - like unemployment, wages, benefits, retirement, social services, riots and even our foreign policy.
And, in my opinion, we can cure a lot of our ills - economically and socially - just by doing more things to help our small businesses grow.
What We Have Tried In The Past
We created a the Small Business Jobs Act of 2010 - which was to pump $30 billion to our lending institutions so that they could provide more in small business loans to the tune of $300 billion in lending. Yet, those funds were hardly used and those that did use them only used them to shore up their own balance sheets by re-financing their own subpar or non-performing portfolios.
We tried the JOBS Act of 2012 that was suppose to allow small businesses to crowd source their financing needs via crowdfudning for equity. Yet, the SEC only finalized rules that benefited accredited investors and no one else - not the businesses trying to access capital and not the regular investors who want to invest in companies that mean something to them.
And, we have tried using the SBA to bolster small businesses - that is their jobs after all. Yet, all they have been able to do is change their definition of small businesses which only drew down medium and and smaller large businesses in the SBA folds. While this helps make the SBA look good it does nothing for the small businesses that are supposed to be getting the needed help.
So, what are we going to do? Small businesses matter to our economy, our nation, our communities and to us. So, what are we going to do? What would you like see happen to help strengthen our small companies?