What's
in
it,
for
You?
Small Business Loans?
With the economy in turmoil, many small
business would like
a CHANCE to catch their breath? The current
administration and
congress are rapidly growing the national debt with
record budget
deficits approximately four times previous record
levels. The credit
crunch on
small business continues to make it difficult to get
small business
loans, according tho the Congressional Oversite Panels
report "The
Small
Business
Credit
Crunch...". A number of large retailers were
unable to obtain
operating loans in order to make payroll and many
household names had
to reorganize or close. LABOR
COST is another area that
has dealt harshly with America's small businesses. In
July, 2008, as
the nation heard of the mortgage crisis, Fannie Mae,
Freddie Mac and
mortgage backed derivatives; the federally mandated
minimum wage rose
from $5.85 to $6.55. Just a year later, as unemployment
rates rose, the
minimum wage rose from $6.55 to $7.25. If you employeed
entry level
minimum wage earners, in a major economic downturn you
were hit with a
24% increase in most small business's largest expence,
payroll. Unlike
larger businesses, small business have always found it
difficult to get
capital for payroll through small business loans.
Just when you thought you were getting your "second
wind" in 2010,
here comes reform of HEALTH CARE
&
INSURANCE. Of course, SMALL
BUSINESS
REGULATION will not effect firms with less than
50
employees, yet! How's the recovery working out for you?
Are
You Small
Business?
If you are a OWNER, PARTNER, STOCKHOLDER or OFFICER of a company that employees 500 or less people, you are Small Business. EMPLOYEES or INDEPENDENT CONTRACTORS also have a vested interest in small business issues. Business STUDENTS and their TEACHERS have an interest in small business issues, particularly ones that effect the future business enviroment. If you are a RELATIVE of any of the above, you too may have an interest.
"Every government
degenerates when
trusted to the rulers of the people alone. The people
themselves,
therefore, are it's only safe depositories."
What can You do? Join us!
Small Business is in the cross hairs of Congress,
regulators and
taxing authorities. The cost of regulation to small
businesses with
less
than 20 employees ($6,975 per employee) is 55% to
60% higher than
medium ($4,319 per employee) or large businesses
($4,463 per employee. SBA
Report,
2000
The economy continued to grow... in 2006 and total
small business
loans increased by one-third, from $562 billion in
2005 to $753 billion
in 2006. Small business loans by smaller, nonfarm,
nonfinancial
businesses declined slightly, from $304 billion to
$289 billion. The
most recent data available indicate that most use
traditional small
business credit, such as small business credit
lines, small business
loans or capital leases for their business financing
needs: most of the
increases in financing are in small business credit
lines and small
business credit cards. The
SB Report
2007
Small Businesses needs an advocate to help decrease
regulation,
control labor cost mandates, improve coditions for a
competitive market
for health insurance and increase availability of
capital. IOBUSA can
fill this need by organizing member businesses to
target specific
legislation dealing with these key issues. To
organize strategies, to
push forward those that benefit the small business
loans market and
engage members in a coordinated effort to get
legislation passed.
Further, to make the same effort to stop new
legislation or remove
existing law, that is harmful to a healthy and
strong small business
loans enviroment.
To join us in this fight for the very survival of
small business, click
here for
Membership.
