There was a report this morning that 80% of small businesses are turned down by banks for loans, so they are turning to micro-lenders, which is done in third-world countries. Obama must be proud.
“There was a report this morning that 80% of small businesses are turned down by banks for loans, so they are turning to micro-lenders, which is done in third-world countries. Obama must be proud.”
My son-in-law, up until the messiah took office, used to fairly easily obtain million dollar loans for construction contracts. Once the messiah got in, that quickly changed. Despite having a perfect record on fulfilling his business contracts and paying loans on time, the banks quit loaning him money, even on government contracts. He was climbing the ladder of success, with each new job picking up another needed piece of heavy equipment, but didn’t quite get far enough ahead to be able to self finance all the overhead on new contracts, the banks quit lending, and now he and the people he used to employ sit idle, or are back to working for those who have the overhead on hand.