Showing posts with label Tampa Bay Business Journal. Show all posts
Showing posts with label Tampa Bay Business Journal. Show all posts

Wednesday, February 3, 2010

SBA Loans and small banks

According to the Tampa Bay Business Journal's Book of Lists 2009, more than $30M in SBA loan funds were loaned out with at least 25 companies receiving more than $1M in funding. Half of the lenders were small banks and the other half consisted of regional/big banks. My point is that the President wants to take $30B from the repaid TARP loans and allow small banks to make SBA loans and isn't he a little too late? And if this is the case, I would rather any extra money to go back into the Treasury where they came from.