Friday, September 30, 2011

The Small Business Jobs and Credit Act One Year Later…

Why America’s Small Businesses Need YOUR Help!

It’s officially been one year since the Small Business Jobs and Credit Act of 2010 was passed into law. While some good has come from it, there are a few things that have been pretty ineffective so far. The two things that frustrate me the most are the First Mortgage Lien Pool (FMLP) Program and the SBA 504 Loan Refi Program.


You probably know that I’m not a proponent of “big government” and increased regulation, but these two programs could be extremely effective when it comes to helping small business owners. Plus, they have to do with the SBA 504 loan program which is a zero-subsidy program — it’s funded by borrower fees, not subsidized by the government. Right now, both the FMLP and the 504 Refi Programs are in need of our help. Watch the video at www.504blog.com to find out what needs to be done to make these programs more effective, and what I’d like YOU to do to help.

Thanks for reading, watching, and taking action!

Dedicated to Your Continued Success,

Chris

P.S. Don’t forget that right now is one of the best times in recent history for small business owners to purchase or expand their commercial facilities. Property values are still down and interest rates are at all-time lows, making this decision a no-brainer in a lot of cases. If you know a business owner who ought to be talking to us about owning their commercial real estate, call me at 1-866-622-4504 or email me at ChrisHurn@MercantileCC.com.  


P.P.S. Be sure to share this with at least one person you know. The more pressure we can put on our elected representatives to help our small businesses, the more likely we are to effect change in Washington. Thanks in advance!

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