A Quote by Muhammad Yunus
Credit markets were originally created to serve human needs; to provide businesses and individuals with capital to start or expand businesses or fulfill other financial needs.
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It's clear that the small business tax credit created under the Affordable Care - while well-intentioned policy - can be improved to better serve the needs of small businesses.
Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses
We have talented people, great businesses, and an unparalleled entrepreneurial spirit in Montana. By raising capital, Montanans can leverage those assets to start new businesses, expand existing ones, and create more good-paying jobs in Missoula and every other community under the Big Sky.
Many small businesses rely on small financial institutions, like credit unions and community banks, to meet their capital requirements. Without them, these small businesses would have to close their doors.
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In order to help small businesses gain access to the credit and capital they need to run their business successfully, Congress must adopt policies that support functional capital markets without imposing undue restrictions on providers of debt and equity capital.
Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers.
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Congress can protect small businesses by providing effective oversight over SBA policies and make sure they take into account the needs of small businesses while also protecting taxpayer dollars. Congress also needs to make sure that new banking regulations do not make it more costly for community banks to lend to small businesses.
I have seen businesses and government come together to provide women entrepreneurs with the training they need to better access markets, take advantage of trade agreements, and in the process grow businesses, jobs, and GDP. These are partnerships that transform lives.
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Starting in late 2007, faced with acute financial market distress, the Federal Reserve created programs to keep credit flowing to households and businesses. The loans extended under those programs helped stabilize the financial system.
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In October 2008, when the credit crunch hit, small businesses were really crushed by the lack of capital.
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