Welcome! Login | Register
 

15 Memorial Day Weekend Getaways in New England—15 Memorial Day Weekend Getaways in New England

Monfredo: We’re Over the 600K Mark on Book Donations - Time to Read—Monfredo: We’re Over the 600K Mark on Book…

Celtics Fall to Cleveland 109-99 in Game 6, Game 7 Set for Sunday in Boston—Celtics Fall to Cleveland 109-99 in Game 6,…

Fit For Life: Make Life Happen For You—Fit For Life: Make Life Happen For You

Leonard Moorehead, the Urban Gardener: Classic Geraniums—Leonard Moorehead, the Urban Gardener: Classic Geraniums

10 Great Things to do in Worcester This Weekend - May 25, 2018—10 Great Things to do in Worcester This…

Man Arrested After Being Caught Breaking Into Car in Worcester—Man Arrested After Being Caught Breaking Into Car…

Finneran: Memorial Day, 2018—Finneran: Memorial Day, 2018

NFL to Fine Teams if Players Kneel During National Anthem—NFL to Fine Teams if Players Kneel During…

Actor Morgan Freeman Accused of Sexual Harassment by 8 Women—Actor Morgan Freeman Accused of Sexual Harassment by…

 
 

US Senator Kerry Wants Lending Opportunities for Small Biz Coops

Friday, March 02, 2012

 

U.S. Senator John Kerry, the senior Democrat on the Small Business Committee, lobbied the U.S. Small Business Administration (SBA) asking for a review of all current policies on lending to small business cooperatives and the establishment of clear eligibility guidelines for qualifying cooperatives. 

“It is my understanding that many small business cooperatives are not currently able to utilize SBA lending programs due to regulations dating back to the 1960s which are currently subject to conflicting interpretations,” Kerry wrote in the letter. “I am concerned that too many lenders see the regulations as a broad denial of access for all cooperatives, even those that otherwise fit the criteria of being a small business.”

Sen. Kerry introduced the Small Business Lending Act last November - legislation that would help to make more capital available to small businesses through the Small Business Administration (SBA), eliminate some SBA loan fees, and increase loan guarantees to help small businesses expand, create jobs, and strengthen the economic recovery.

 

Related Articles

 

Enjoy this post? Share it with others.

 
Delivered Free Every
Day to Your Inbox