Tuesday, April 21, 2009

Small Business Administration

Good news from the government stimulus package. SBA 504 loans are @ 5.25 percent interest rates. The federal government is reducing the loan acquisition fee in order to attract small business. They are also guaranteeing 90% of the loan. Small business makes up 80% of all business and employs over 60% of the population. We hear constantly about big business and the bailouts. The federal government loves small business. They are never asked to be bailed out and are generally to small to effect the economy. In a recent interview, the fed is going to make every effort to promote small business and reduce the liability of having businesses too big to fail. SBA is very friendly to food service establishments. The deals that are out there are too good to pass up. If you have the resources now is the time.

Frank Stocco