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Keyword: sba

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  • Trump chooses pro wrestling magnate Linda McMahon to head the Small Business Administration

    12/07/2016 1:17:49 PM PST · by springwater13 · 156 replies
    U.S. President-elect Donald Trump plans to nominate professional wrestling magnate and former Senate candidate Linda McMahon as his choice to head the Small Business Administration, transition officials told Reuters on Wednesday. The announcement was expected later on Wednesday. McMahon, 68, is a co-founder and former CEO of the professional wrestling franchise WWE, which is based in Stamford, Connecticut. She ran unsuccessfully for a U.S. Senate seat in Connecticut in 2010. She was an early supporter of Trump's presidential campaign. The SBA, which has at least one office in every U.S. state, provides support to small businesses such as extending loans...
  • Poll: 64 Percent of Voters Support Banning Abortions After Five Months of Pregnancy

    11/19/2016 6:16:42 PM PST · by kevcol · 25 replies
    Breitbart ^ | November 19, 2016 | Dr. Susan Berry
    Poll results have found that a majority of voters support the legislation known as the Pain-Capable Unborn Child Protection Act, a measure that would restrict abortions past the fifth month of pregnancy. The survey’s results show that 64 percent of voters nationwide favor the Pain-Capable Unborn Child Protection Act, with 43 percent strongly supporting it. Additionally, 78 percent of millennial voters support the legislation, as do 67 percent of women, 70 percent of blacks, and 57 percent of Hispanic voters. . . . In a letter published by the pro-life Susan B. Anthony List (SBA), President-elect Donald Trump pledged to...
  • Hillary Clinton’s E-Mail Server Company Got Almost $1 Million In Gov’t Loans After Wiping E-Mails

    10/25/2016 9:44:18 PM PDT · by Anti-Hillary · 17 replies
    Hillary Clinton’s e-mail server company got almost $1 million in government loans starting immediately after they were secretly asked to wipe Hillary Clinton’s name from her e-mails. Platte River Networks (PRN) got a $493,000 loan from the Small Business Administration in August 2014 and another $350,000 loan in September 2015: The first half-million dollar loan arrived not one month after PRN employee Paul Combetta was caught accidentally revealing his company was deleting evidence at Hillary’s request in July 2014. The second $350,000 loan came about one year later. After getting the first loan, PRN moved to a large office space...
  • The FDA is stockpiling military weapons — and it’s not alone

    07/02/2016 2:10:05 PM PDT · by DogByte6RER · 63 replies
    The Boston Globe ^ | June 26, 2016 | Jeff Jacoby
    The FDA is stockpiling military weapons — and it’s not alone AMERICA’S GUN CULTURE has been a subject of intense interest and controversy for years, with concerns frequently raised about shadowy militias, paramilitary extremists, and unstable zealots in possession of alarming quantities of explosives and firearms. Amid the current din over assault weapons and body armor, consider one domestic organization’s fearsome arsenal of military-style equipment. In the space of eight years, the group amassed a stockpile of pistols, shotguns, and semiautomatic rifles, along with ample supplies of ammunition, liquid explosives, gun scopes, and suppressors. In its cache as well are...
  • Under Clinton State Dept. Blocked Investigation Into Orlando Killers Mosque

    06/13/2016 11:16:08 AM PDT · by yoe · 47 replies
    Crusader Journel ^ | June 13, 2016 | Staff
    It is being (reported) that the United States Department of State, while Hillary Clinton served as Secretary of State, blocked investigations into the Mosque that was attended by Omar Mateen, the Islamic terrorist that carried out the worst mass shooting in United States history at a Orlando nightclub on Sunday morning. According to the recent reporting Hillary Clinton’s State Department did not investigate the Orlando killers Mosque because it “unfairly singled out Muslims.” Which is more staggering proof that the lefts ideology of political correctness is indirectly leading to innocent citizens being murdered.
  • [NYPD] Union chief to ‘hypocrite’ Bratton: Resign!

    05/15/2016 2:57:30 PM PDT · by Olog-hai · 4 replies
    New York Post ^ | May 15, 2016 | 12:49pm | Tina Moore
    The head of the city’s sergeants union accused Police Commissioner Bill Bratton of hypocrisy Sunday and called for his resignation. “What I am seeing on a regular basis now in the NYPD lately is, it’s a ‘do as I say, not as I do’ attitude, and this is coming directly from Commissioner Bratton,” Sergeants Benevolent Association President Ed Mullins said on John Catsimatidis’s radio show on AM 970. […] The union chief complained that everyone in the department was aware of ticket-fixing before that scandal broke and that it was part of the culture — but now that it has...
  • Women Entrepreneurs Can Win Larger Contracts Through SBA Set-Aside Program

    05/13/2016 8:49:24 AM PDT · by Drango · 3 replies
    entrepreneur ^ | MAY 8, 2013
    The Small Business Administration removed the cap on government contracts set aside for women-owned and economically disadvantaged women-owned small businesses. Before this week, federal government contracts were capped at $6.5 million for manufacturing contracts and $4 million for all other contracts under the Women-Owned Small-Business Program. According to a rule change published Tuesday in the government’s official journal, the Federal Register, the thresholds placed on those programs have been lifted, effective immediately. The rule change aims to help the federal government meet its mandate of 5 percent of contracts going to women-owned small businesses. In 2011, the most recent year...
  • SBA loans support luxurious lifestyles, burden taxpayers

    03/16/2015 6:06:22 AM PDT · by huldah1776 · 20 replies
    Vermont Watchdog ^ | March 16, 2015 | Bruce Parker
    snip...According to a 2014 federal oversight report from public research group American Transparency, taxpayer-backed SBA loans are popular with businesses serving “wealthy lifestyles.” The report, which analyzed SBA loans between 2007 and 2013, found that billions of dollars flowed to businesses that, in many cases, could obtain standard loans with standard interest rates. SBA loans offer advantageous low rates. snip Many of the loans, which ranged from $1 million to $5 million, went to luxury goods retailers, exclusive clubs, Fortune 100 companies, plastic surgery clinics and even private equity firms. Found among the list of borrowers were Rolex and Lamborghini...
  • SBA Expected To Release Fraudulent and Falsified Small Business Data Soon

    07/02/2014 9:49:11 PM PDT · by george76 · 5 replies
    Red State ^ | July 2nd, 2014 | Lloyd Chapman
    Every year about this time the Small Business Administration (SBA) issues a press release claiming the federal government barely missed the 23% small business contracting goal required by law. In reality, the Obama Administration has never come anywhere close to reaching the minimum 23% small business-contracting goal. Based on all the information I have been able to obtain under the Freedom of Information Act, I estimate legitimate small businesses in America are currently receiving no more than 5% of all federal contracts and subcontracts. The SBA’s favorite time to release their annual falsified and fabricated small business contracting data is...
  • Cleaver’s carwash nears sale — who is new owner?

    01/24/2013 9:43:06 PM PST · by kc69mustang · 4 replies
    Kansas City Business Journal ^ | Jan 24, 2013 | Paul Koepp
    Who is Rick Kochuyt? For one thing, he’s about to be the new owner of U.S. Rep. Emanuel Cleaver’s Grandview Auto Wash, which Kochuyt has managed since 2007. His attorney, Joe Harter of McDowell Rice Smith & Buchanan PC, confirmed that an entity controlled by Kochuyt is close to completing the purchase. The agita the carwash has caused Cleaver has been well documented. Bank of America sued the congressman in March for defaulting on a 2002 loan that, with interest and late fees, has racked up a balance of $1.6 million. A trial in that case is set for April....
  • (ID) Sen. Risch=Best Friend, (LA) Sen. Landrieu=Worst Enemy, of Small Business [Must-See Video]

    12/04/2012 7:36:25 AM PST · by PieterCasparzen · 12 replies
    C-Span Video ^ | 11/29/2012 | Senate Committee Hearing
    In 5 minutes this video sums up what it's all about. Watch the fantasic Sen. James Risch of the great state of Idao fry the SBA and the Obama adminstration's tax proposal - with one simple question followed by hummanna hummanna hummanna. Followed by Mary Landrieu barfing up communist spew to try to recover from the logical hit the administration took with that question. Action is from 1:24:50 to 1:30:00. But if you're into small business, the whole video is worth a background listen (and watch of the freaky characters). The SBA is a complete waste and needs to be...
  • Setback: Ohio Election Board Rules against Pro-Life SBA List

    10/15/2010 11:54:15 AM PDT · by topher · 5 replies ^ | October 15, 2010 | By Peter J. Smith
    Friday October 15, 2010 Setback: Ohio Election Board Rules against Pro-Life SBA List By Peter J. SmithCOLUMBUS, Ohio, October 15, 2010 ( – A major U.S. pro-life group received a serious setback Wednesday after the Ohio Elections Commission ruled that there was “probable cause” to believe that ads accusing a pro-life Democrat of voting for taxpayer-funded abortion in the new health care law were intentionally misleading.The Commission voted 2–1 to advance the case brought by U.S. Rep. Steven Driehaus (pronounced Dree-house) against the Susan B. Anthony List to the full panel.It is expected that all seven members of the...
  • Dem Candidate Charges SBA List with Criminally Misleading Ads: NRLC Responds

    10/13/2010 3:58:45 PM PDT · by topher · 2 replies
    Wednesday October 13, 2010 Dem Candidate Charges SBA List with Criminally Misleading Ads: NRLC Responds By Peter J. SmithWASHINGTON, D.C., October 13, 2010 ( – The National Right to Life Committee is stepping up to the plate to defend a national pro-life political action committee that has been charged by a pro-life Democrat with criminally misleading voters about his vote in favor of the national health care law sought by President Barack Obama.U.S. Rep. Steve Driehaus, the incumbent Democrat in Ohio’s 1st District, filed a criminal complaint with the Ohio Elections Commission against the Susan B. Anthony List (SBA...
  • Small Business Tax Cuts...The MSM Called Them That, So They Must Be True,Right?

    10/03/2010 6:14:06 AM PDT · by CincyRichieRich · 5 replies ^ | 10-1-10 | White House
    This is the link to the supposed tax cuts. Extending the previous administration’s cuts would benefit everyone, but our brave congress left town without doing anything with them. Uncertainty rules the marketplace and that keeps businesses from expanding, including hesitancy for businesses from wanting loans. Funny thing is, the link above which is directly from the white house has “tax cuts” that aren’t really tax cuts unless you take out a loan. Cell phone deductions were already in place. All of these are based on rules you follow if you take out a loan. Again, if one can’t predict how...
  • The War On Small Business

    09/02/2010 3:01:57 PM PDT · by blam · 9 replies
    The Daily Reckoning ^ | 9-2-2010 | Addison Wiggin
    The War On Small Business By Addison Wiggin 09/02/10 Baltimore, Maryland – Today, we revisit a recurring theme: the assault on enterprise. It was the subject of our symposium in Vancouver in July. In this episode, we look at a particularly vulnerable segment of the economy: small businesses. To help set the stage, let’s look at some important stats from the Small Business Administration (SBA). Small businesses: •Represent 99.7% of all employer[s] •Employ just over half of all private-sector employees •Pay 44% of total U.S. private payroll •Have generated 64% of net new jobs over the past 15 years •Create...
  • Help! Need Suggestions On Finding Small Biz Loan

    08/31/2010 12:58:01 PM PDT · by Windflier · 38 replies
    Self | 31 August 2010 | Windflier
    My wife and I recently shot our wad on some high-grade advertising, in a desperate bid to resurrect our (formerly successful) small construction business. That advertising is suddenly producing new leads better than we ever imagined it would. Our phone is literally off the hook. We're being inundated with calls for our services, and are scrambling to answer them all. Trouble is, we're in no position to properly service all of this sudden demand, mostly due to the lack of some basic equipment, and a fully operational crew. Finding the qualified labor is no problem, but to produce the product...
  • Pro-Life Women's Group Strips Bart Stupak of Pro-Life Award After Abortion Deal

    03/22/2010 6:27:01 AM PDT · by rhema · 24 replies · 849+ views
    LifeNews ^ | March 20, 2010 | Steven Ertelt
    - In the first indication of just how upset Congressman Bart Stupak made pro-life groups by arranging a deal on abortion funding with President Barack Obama, a pro-life women's group is stripping the formerly respected pro-life Democrat of an award it planned to give him this week. Stupak announced earlier today that he arranged an executive order with Obama to nullify the abortion funding in the pro-abortion Senate health care bill. But, pro-life groups say the deal is worthless because an executive order can't be used to modify federal law, which will be changed under the Senate bill to allow...
  • SBA bailouts draw little notice

    11/09/2009 10:44:54 AM PST · by FromLori · 1 replies · 401+ views
    A federal bailout of AIG last year attracted angry protesters who for weeks gathered outside the insurance giant's headquarters in New York and stalked company executives at their homes. But there has been little response to the bailout of Peter Miller, who runs a two-person lobster-fishing crew in Maine. Miller, who gets 50 cents on the dollar for his catch these days, a few months ago received a $35,000 loan from a new Small Business Administration program that was crafted in February during final negotiations on the federal stimulus package. The loan program offers an unprecedented 100 percent guarantee to...
  • A grim year for small business lending (SBA loan volume plunged 36% in '09)

    10/01/2009 9:48:23 PM PDT · by TigerLikesRooster · 22 replies · 696+ views
    CNN Money ^ | 10/01/09 | Catherine Clifford
    A grim year for small business lending The SBA loan volume plunged 36% in 2009 as banks slammed their vaults shut to small businesses. By Catherine Clifford, staff reporter October 1, 2009: 6:02 PM ET NEW YORK ( -- Here's a telling statistic about the toll the recession is taking on Main Street: This year, the government's top small business lending program got loans to 25,000 fewer entrepreneurs than it did last year. In its 2009 fiscal year, which ended Wednesday, the Small Business Administration backed 44,221 loans from banks to help borrowers start and expand their businesses. That's...
  • Former Ptech Officer Arrested for SBA Loan Fraud

    07/16/2009 11:47:45 AM PDT · by Cindy · 10 replies · 648+ views ^ | July 14, 2009 | n/a
    Former Ptech Officer Arrested for SBA Loan Fraud Indictment Unsealed Charges Former Ptech President with Dealing in Assets of Specially Designated Global Terrorist BOSTON—A former resident of Somerville, Mass. who has been living in South Korea was arrested today after arriving at John F. Kennedy Airport in New York. An indictment, originally returned on March 1, 2007, was unsealed today charging Buford George Peterson and Oussama Abdul Ziade, both former officers of Ptech, Inc., a computer software company that was principally located in Quincy, Mass., with making false statements to the U.S. Small Business Administration (SBA) in connection with a...
  • Small business lending falls sharply

    07/03/2009 6:12:20 PM PDT · by FromLori · 18 replies · 802+ views
    CNN ^ | 7/3/09
    In its first full quarter since the Recovery Act kicked in, the SBA still backed 30% fewer small business loans than it did a year ago. ROAD TO RESCUE Small business lending falls sharply SOS: Send loans now NEW YORK ( -- Despite emergency stimulus measures, small business lending continues to fall. In the just-ended quarter, the Small Business Administration's flagship program backed 30% fewer loans than it did a year ago, and 55% fewer loans than it did in 2007, before the recession set in. The numbers bear out the grim reports from business owners who say that credit...
  • Bayh, Donnelly Praise SBA Decision to Offer Lifeline to Auto, RV Dealers

    05/28/2009 2:17:24 PM PDT · by Military family member · 3 replies · 360+ views
    KOKOMO, IND.—Appearing at an afternoon news conference today with the White House auto czar and the head of the U.S. Small Business Administration (SBA), Senator Evan Bayh and Congressman Joe Donnelly today (May 28, 2009), strongly endorsed the administration’s decision to open up a major new source of credit for Indiana dealerships that sell cars, recreational vehicles, boats and manufactured homes.
  • SBA; To report fraud, waste, or abuse (How about congress, Obama, etc)

    03/26/2009 12:49:53 PM PDT · by FreeAtlanta · 2 replies · 195+ views
    HotlineTo report fraud, waste, or abuse: OIG Fraud Line 1 (800) 767-0385 Mailing address for Complaints or Fraud: Small Business Administration Office of Inspector General Investigations Division Mail Code: 4113 409 Third Street, S.W. Washington, DC 20416 To suggest an investigation or audit: Investigations Division: Headquarters: 202-205-6220 Eastern Region: 202-205-6226 Central Region: 312-353-4467 Southern Region: 504-589-6685 x2843 Western Region: 818-552-3236 Auditing Division; (202) 205-7203 Referrals for investigations should be as specific as possible as to who and what is involved. Confidentiality may be requested, and the referrer's identity will not be disclosed unless it becomes unavoidable during an ensuing...
  • Obama to unveil proposals to help small businesses

    03/15/2009 5:14:28 AM PDT · by Zakeet · 544+ views
    Associated Press ^ | March 15, 2009 | Hope Yen
    <p>Amid misgivings over his spending blueprint, President Barack Obama has decided to provide billions of dollars in federal lending aid aimed at struggling small business owners.</p> <p>The broad package of measures to be announced Monday includes $730 million from the stimulus plan that will immediately reduce small-business lending fees and increase the government guarantee on some Small Business Administration loans to 90 percent. The government also will take aggressive steps to boost bank liquidity with more than $10 billion aimed at unfreezing the secondary credit market, according to officials briefed on the plan who demanded anonymity to avoid pre-empting the president's announcement.</p>
  • SBA Loses Fourth Lawsuit For Refusing to Release Contracting Data

    03/09/2009 5:59:30 PM PDT · by Military family member · 7 replies · 479+ views
    The Journal of Business ^ | 03/09/09 | American Small Business League
    Petaluma, Calif. – The Small Business Administration (SBA) has lost its fourth lawsuit to the American Small Business League (ASBL) in the 9th Circuit Court of Appeals. The ruling will increase transparency and set a new legal standard. The SBA will now be forced to release the names of any and all firms that received federal small business contracts. In September of 2008, the SBA appealed a United States District Court ruling, which directed the agency to release the specific names of all recipients of federal small business contracts during fiscal years (FY) 2005 and 2006.
  • Gay Media in Receivership [Washington Blade, others; Dinosaur Media Deathwatch?]

    02/07/2009 10:54:20 AM PST · by lainie · 22 replies · 1,185+ views
    Gay City News ^ | 2-6-2009 | Duncan Osborne
    The investment fund that owns the Washington Blade, the Southern Voice, Genre magazine, and other gay publications has been forced into receivership by the federal Small Business Administration (SBA), which will sell the fund's assets and distribute the proceeds to investors. "As a consequence of defendant's continuing violation... SBA is entitled to the injunctive relief... including the appointment of SBA as receiver of [the Avalon Equity Fund]," the SBA wrote in an August 2008 court filing, which was only recently found by Gay City News. Avalon, which owns a stake in the company that publishes the New York Blade and...
  • Minority Auto Dealers Seek Aid; Even Longtime Operators Struggling

    01/16/2009 11:54:34 AM PST · by BGHater · 15 replies · 783+ views
    Columbus Ledger-Enquirer ^ | 16 Jan 2009 | Chuck Williams
    Automobile dealers are suffering, and minority dealers are getting hit especially hard by the steep economic downturn, said Legacy Chevrolet owner Emanuel Jones. Jones, acting on behalf of the National Association of Minority Automobile Dealers, is calling for the Obama administration to free up loan money from the Small Business Administration to help the struggling dealerships. "It is a lot more severe for minority dealers," Jones said. "Traditionally, they have smaller stores in smaller communities." Jones, also a Georgia state senator from Henry County, will make his plea today at a news conference in Atlanta. Representatives from other minority business...
  • Congress' Latest Attempt to Send Your Tax Dollars to Planned Parenthood

    11/22/2007 8:29:42 PM PST · by Coleus · 6 replies · 252+ views
    SBA List | November 15, 2007
    Congress' Latest Attempt to Send Your Tax Dollars to Planned Parenthood After two vetoes by the President, Members of Congress are negotiating to  pass a new version of the State Children's Health Insurance Program (SCHIP).The problem is, instead of improving the program, legislators are planning to make the SCHIP program worse.  How?  By allowing Planned Parenthood to access even more taxpayer funds through SCHIP.   Your voice is needed now more than ever to tell Congress this is unacceptable. Please contact Congress today and urge your legislators to keep funding for Planned Parenthood out of this program.Several Republican members with...
  • New Business Loan Program for Veterans

    10/09/2007 12:19:40 AM PDT · by 2ndDivisionVet · 355+ views ^ | October 08, 2007
    The Small Business Administration (SBA) enlisted banks across the country to participate in a new loan program reserved for military veterans. The program features fast approval times, low interest rates and up to $500,000 to help start a business or expand one. The Patriot Express Loans Program offers rates of 2.25 percent - 4.75 percent over the prime interest rate, depending upon the size and maturity of the loan. The SBA also offers counseling and training for entrepreneurial veterans. For more information, visit the Patriot Express website.
  • NASA to Use Fortune 1000 Firms to Hit Small Business Goal With New SBA Policy, Says ASBL

    06/26/2007 4:17:23 PM PDT · by anymouse · 5 replies · 297+ views
    American Small Business League Press Release ^ | June 25, 2007 | Lloyd Chapman
    NASA to Use Fortune 1000 Firms to Hit Small Business Goal With New SBA Policy, Says American Small Business League The following is a statement by the American Small Business League: A new Small Business Administration policy set to take effect on June 30th will allow NASA to continue to count contracts to Fortune 1000 firms towards their federally mandated 23 percent small business contracting goal. In February of 2006, NASA lost a federal lawsuit to the American Small Business League, which was filed under the Freedom of Information Act. NASA was forced to disclose information that indicated that they...
  • Outsource Your Veterans!

    03/11/2007 4:05:36 PM PDT · by 2ndDivisionVet · 12 replies · 535+ views
    EZine Articles ^ | March 10, 2007 | Pat Kiggins
    Corporate America is missing a HUGE opportunity! Most companies, regardless of the improved economy, are still searching for ways to reduce their costs and become more competitive. Many companies have outsourced several functions to reduce costs. Of course, the most obvious outsourcing activity has been the customer relations call centers. How many of us have tried to call a customer service number only to find that we have difficulty understanding the person at the other end of the line. Now, here’s the opportunity that has been wasted. The largest customer for most of our Fortune 1000 companies is the Federal...
  • Accusations of Agency Error in Disaster Loans (Katrina/Rita)

    02/27/2007 5:50:12 PM PST · by PAR35 · 6 replies · 504+ views
    New York Times ^ | February 27, 2007 | RON NIXON and LESLIE EATON
    Last September, the Small Business Administration, which provides most long-term rebuilding aid to disaster victims, accelerated its lending to homeowners and businesses in the Gulf Coast, responding to criticism that it had been slow to respond to Hurricanes Katrina and Rita of 2005. But now federal investigators are looking into accusations that in speeding up its work, the agency made thousands of loans without following its own rules to avoid fraud. Current and former employees of the agency have told investigators that agency workers failed to secure proper proof that borrowers owned the houses they were supposed to rebuild or...
  • The Darfur genocide continues-"This place belongs to Arab tribes, Blacks must leave"

    03/09/2006 7:29:47 AM PST · by SJackson · 27 replies · 971+ views
    Jerusalem Post ^ | 3-9-06 | JASON SILBERMAN AND JPOST.COM STAFF
    The United Nations has described the situation in Darfur as the world's gravest humanitarian crisis. In 2004, then-secretary of state Colin Powell called it genocide. On Tuesday, a US Congressional delegation that had visited Sudan told UN Secretary-General Kofi Annan, "The issue of Darfur challenges the conscience of our country." So what is being done about it? Darfur is a province in the southwest of Sudan, an Arab country. The area had a population of about 6 million - about 2 million have fled to neighboring Chad, while about 400,000 were killed by the Sudanese military and the Janjaweed militias...
  • Bush goes shopping to underscore health of US small business

    05/05/2006 1:10:27 PM PDT · by gwb43_2004 · 7 replies · 489+ views
    AFP via yahoo ^ | Fri May 5
    WASHINGTON (AFP) - US President George W. Bush hailed the health of the US small business sector, using a neighborhood hardware store a short drive from the White House as a homespun backdrop. The president hailed what he described as a roaring US economy and its healthy jobs growth, after picking up few chew toys for Barney, the White House dog. "I just spent some of my hard-earned money on Barney," the president said during the photo-op at Frager's, an old-fashioned hardware store that he praised as "a good place to shop."
  • A Day in the Life of President Bush (photos): 4.13.06

    04/13/2006 4:48:04 PM PDT · by snugs · 248 replies · 3,805+ views ^ | 13th April 2006 | Snugs
    Last night the President and First Lady held a retirement dinner in honor of Justice O Connor at the White House. Today the President delivered remarks to the Small Business Week Conference at the Ronald Reagan Building in Washington. Today was Andy Card's last day at the White House. Later in the day the Presdent departed from the White House to spend the Easter weekend with his family at Camp David. Secretary of State Condoleezza Rice met Canadian Foreign Minister Peter MacKay at the State Department Enjoy your visit to Sanity Island
  • Study: Bush Rejected More Storm Loans

    03/14/2006 8:35:22 PM PST · by kenth · 21 replies · 490+ views
    AP via Yahoo News ^ | 03/14/06 | Frank Bass
    WASHINGTON - The White House has rejected hurricane disaster-recovery loans at a higher rate than any other administration in the last 15 years, according to a congressional study by Democrats. The report, expected to be released Wednesday, said business and home loan approval rates averaged about 60 percent after Hurricane Andrew devastated much of south Florida in 1992. The trend continued through the rest of President George H.W. Bush's administration and into the Clinton administration, according to Democratic members of the House Small Business Committee. After Hurricane Wilma surged ashore in south Florida last year, the approval rate for low-interest,...
  • 9/11 Loans Mismanaged

    01/06/2006 10:42:21 AM PST · by freepatriot32 · 6 replies · 600+ views ^ | 1 5 06 |
    The Associated Press found that loans to help small businesses recover from the Sept. 11th attacks were given to businesses who were unaffected by the attacks. The Small Business Administration (SBA) doled out $5 billion in low-interest loans with little oversight and allowed the loans be distributed among many industries, as reported. Indeed, small businesses that were not affected by the terrorist attacks were granted loans. Tom Mayl received two Sept. 11th loans to open a Subway shop and a Buffalo Wild Wings restaurant in Sidney, Ohio. Other small businesses that received loans were 55 Dunkin Donuts franchises, a Virgin...
  • Democrat calls for SBA chief to resign over Katrina loans

    01/02/2006 8:42:42 AM PST · by ncountylee · 14 replies · 593+ views
    The top Democrat on the House Small Business Committee called for the immediate resignation of Small Business Administration chief Hector Barreto. The agency's slow handling of hurricane disaster loans was the last straw for Rep. Nydia Velazquez, D-N.Y. She also contends the SBA has failed to ensure that small businesses have adequate access to capital and government contracting opportunities. "We need new leadership at SBA with the vision to put this agency back on track," Velazquez says. Barreto says he has no plans to leave. "There's so much work left to be done," he says. The chairman of the House...

    12/31/2005 6:53:08 AM PST · by COUNTrecount · 60 replies · 1,124+ views
    NY Post ^ | Dec. 31, 2005 | By IAN BISHOP
    December 31, 2005 -- WASHINGTON — Sen. Hillary Rodham Clinton yesterday called on President Bush to launch an investigation into the Small Business Administration's outrageous bungling of a special loan program meant to help businesses hurt by 9/11. Clinton said she was "particularly incensed" that the SBA pushed lenders across the country to peddle 9/11 loans to a tanning salon in Las Vegas and a golf course in Texas "while many New York businesses struggled just to stay afloat." She dispatched letters yesterday to Bush and to Sens. Olympia Snowe (R-Maine) and John Kerry (D-Mass.) — the top two members...
  • MONEY FOR NOTHING (government spending out of control)

    12/30/2005 9:34:02 AM PST · by Liz · 9 replies · 363+ views
    NY POST ^ | December 30, 2005 | EDITORIAL
    "Funds appropriated for . . . small businesses adversely affected by the terrorist attacks may not have been used for that purpose," the report, released Wednesday by the Small Business Administration's inspector general, found. Along with dozens of Dunkin' Donut shops and pizza parlors across the country, beneficiaries of the SBA's Supplemental Terrorist Activity Relief (STAR) program — which provided special post-9/11 loan guarantees — included: * A tanning salon — in Las Vegas — basked in a loan of more than $500,000. * A golf course in Texas scored a hole-in-one with a $640,000 advance. * Jan's Janitorial Service,...
  • Nevada tanning salon gets 9/11 loan: audit [Texas golf course, an Illinois candy shop...]

    12/29/2005 1:23:24 PM PST · by Sub-Driver · 5 replies · 363+ views
    Nevada tanning salon gets 9/11 loan: audit Thu Dec 29, 2005 03:10 PM ET By Jim Wolf WASHINGTON (Reuters) - A Texas golf course, a Nevada tanning salon and an Illinois candy shop were among small businesses that may have improperly received U.S. subsidized loans intended for firms hurt by the September 11 attacks, an internal government watchdog has found. The Small Business Administration's inspector general said in a report made public on Wednesday that in 85 percent of the sample of loans it reviewed, a company's eligibility to receive the money through the program could not be verified. A...
  • SBA Finds 9/11 Loan Recipients Ineligible

    12/29/2005 6:31:50 AM PST · by libertarianPA · 7 replies · 358+ views
    Yahoo! News ^ | 12/29/05 | LARRY MARGASAK
    WASHINGTON - In a program to help businesses after Sept. 11, a high percentage of government-backed loans went to recipients who appeared to be unqualified — some of them unaware they were receiving terrorism-recovery money, investigators report. The Small Business Administration's inspector general said Wednesday that agency officials were at fault for telling lenders in the program that their determinations would not be questioned. The inspector general concluded that only nine loan recipients in the 59 cases sampled appeared to be qualified for disaster loans. Lenders who handed out billions of dollars in loans failed — 85 percent of the...
  • House Democrat Calls on SBA Head to Quit [Velazquez & Kerry]

    12/14/2005 7:05:16 PM PST · by ncountylee · 10 replies · 386+ views
    AP via WJLA ^ | December 14, 2005
    Washington (AP) - Citing enormous backlogs and high rates of declined loans for hurricane victims, a House Democrat on Wednesday called on the head of the Small Business Administration to quit immediately.Rep. Nydia Velazquez, the top Democrat on the House Small Business Committee, said a flood of missteps by the SBA this year make it clear that Hector Barreto isn't capable of leading the agency. Barreto, said the New York congresswoman, "has simply run SBA straight into the ground." Velazquez said that since the hurricanes roared ashore in August and September, the agency has declined 80 percent of disaster loans...
  • Recovery Loans Loosely Managed- Want To Know About Red Tape?

    09/09/2005 5:02:48 AM PDT · by ekwd · 2 replies · 305+ views
    AP ^ | September 9, 2005 | Frank Bass & Dirk Lammers
    The government promised banks a hands-off approach in overseeing nearly $5 billion in Sept. 11 recovery aid to small businesses. What it got in return was numerous loans to companies that didn't need terror relief - or even know they were getting it, The Associated Press found.
  • 9/11 loans funded Pa. donuts, bowling

    09/09/2005 5:54:23 AM PDT · by Cagey · 9 replies · 402+ views
    The Herald ^ | 9-8-2005 | MARC LEVY
    HARRISBURG, Pa. - In the name of helping businesses hurt by the Sept. 11, 2001, terrorist attacks, the federal government approved nearly $111 million worth of loan guarantees and low-interest loans for a motley mix of Pennsylvania enterprises, including doughnut shops, a bowling alley, an exercise gym, a flour mill and a tree nursery. The U.S. Small Business Administration provided almost $5 billion through a mix of direct loans and federal guarantees for bank-issued loans. The SBA loans carried low-interest rates and payments deferred for two years; the guarantees assured banks that taxpayers would cover any defaults, and the government...
  • AP: Companies Got Unneeded 9/11 Loans

    09/09/2005 7:49:12 AM PDT · by GLH3IL · 4 replies · 298+ views
    Associated Press ^ | 09/10/2005 | FRANK BASS and DIRK LAMMERS
    The government promised banks a hands-off approach in overseeing nearly $5 billion in Sept. 11 recovery aid to small businesses. What it got in return was numerous loans to companies that didn't need terror relief — or even know they were getting it, The Associated Press found. "Had we known it was 9/11 money, we would not have borrowed it," said John Adams, a vice president of Brankle Brokerage and Leasing in Marion, Ind., who didn't know until informed by AP that his company's $1.33 million loan had been drawn by his bank from a program created by Congress to...
  • New venture capital program eyed for small firms (Members of Congress Want New Program)

    08/31/2005 3:44:02 PM PDT · by nickcarraway · 4 replies · 216+ views
    MSNBC ^ | Aug. 28, 2005 | Kent Hoover
    Members of Congress want to establish a new government-backed venture-capital program to replace one that's being phased out because of sizable losses. The U.S. Small Business Administration stopped issuing licenses for the participating securities part of its Small Business Investment Company program last October. Participating securities funds accounted for more than half of the $2.8 billion invested last year by SBIC-backed funds in small businesses. SBICs are privately managed investment firms that raise money from private investors and receive government-backed long-term loans from the SBA. They were created to provide capital to startups and early-stage businesses. These types of companies...
  • President Discusses Energy at National Small Business Conference

    06/11/2005 3:08:49 PM PDT · by GGpaX4DumpedTea · 10 replies · 213+ views
    The White House ^ | April 27, 2005 | President George W Bush
    THE PRESIDENT: Thanks for the warm welcome. I appreciate such a generous welcome. Marianne, thank you for your introduction, and congratulations on being the Small Business Person of the Year. You had some pretty stiff competition. (Laughter.) I appreciate the courage that Marianne has shown and her determination to succeed. She is proof that the entrepreneurial spirit in America is really strong. want to thank Hector Barreto, the SBA Administrator. I appreciate the fine job he's done. (Applause.) It was my honor to meet some of the state Small Business Person of the Year honorees. Congratulations. I appreciate the ambassadors...
  • Suit takes aim at fort, other agencies (EnviroNutz sue Army)

    06/02/2005 4:10:09 PM PDT · by SandRat · 23 replies · 951+ views
    Sierra Vista Herald, Sierra Vista Arizona ^ | June 2, 2005 | DIANE SAUNDERS
    SIERRA VISTA - The Center for Biological Diversity and Maricopa Audubon Society are seeking court orders to force several federal agencies, including the U.S. Department of Defense and Fort Huachuca's commanding general, into compliance with the National Environmental Policy Act or the federal Endangered Species Act. The lawsuit, filed Wednesday in federal district court in Tucson, names as defendants the U.S. Department of Housing and Urban Development, U.S. Department of Veterans Affairs, U.S. Small Business Administration, U.S. Fish and Wildlife Service and the U.S. Department of Defense and "Barbara Fast, in her official capacity as commanding general of Fort Huachuca."...
  • (PRESIDENT)Bush Proposes Oil Refineries on Closed Military Bases

    04/27/2005 4:34:38 PM PDT · by Dubya · 56 replies · 1,038+ views
    American Forces Press Service ^ | April 27, 2005 | Donna Miles
    WASHINGTON, April 27, 2005 – President Bush unveiled a plan today to encourage building oil refineries on military sites that have closed. Speaking at a Small Business Administration conference here, the president recommended this and other initiatives to address the country's energy needs and reduce dependence on foreign energy sources. Bush said expanding refinery capacity will help address the shortage that's partly blamed for skyrocketing gasoline prices. The last oil refinery built in the United States was completed in 1976, he said. During a White House press briefing today, spokesman Scott McClellan said the federal agencies would work with states...