At Mon, 14 Dec 2009 17:59:29 -0500 rich at tnrglobal.com wrote: > > This is part of the "big is easy" attitude - it's not 'worth' a bank's > time to do a loan that small, I wonder what the bank would do if I went and got a $5,000.00 loan, and then paid them $4,750 the day the loan came through... Probably freak out on some level... It might even totally trash my credit rating or something stupid. > SBA charges more for loans under $7K (I think that's the number) because > "they are riskier" This is strange. Unless 'riskier' really means 'less profitable', in than the finance charges on a smaller loan are less. > > The interesting part is so called micro loans are far less risky, based > on statistics collected world wide. This is believable. > > This is exactly the feed back we need to collect if we are going to be > listened to, > all the stats say our sized businesses create more jobs -- yet I've seen > no level of gov't > put their money (make that our money) where the real jobs are > > Rich > > On 12/14/2009 5:17 PM, Robert Heller wrote: > > BTW, I don't think there is anyone in HT who is what is defined as > >> 'small business' > >> we are now defined as micro-business - small is $5-100Mill > >> > >> So a question to all of you - who is interested in discussing how to get > >> all these agencies spending our money to put in back into HT type > >> businesses ? > >> > > I am. It is impossible to get a 'small' small business loan -- I need to > > borrow about $250.00 for a new printer, but the bank's minimum loan is > > like $5,000.00. And no, I don't want to get a credit card -- that is > > more hassle than it is worth. > > > -- Robert Heller -- 978-544-6933 Deepwoods Software -- Download the Model Railroad System http://www.deepsoft.com/ -- Binaries for Linux and MS-Windows heller at deepsoft.com -- http://www.deepsoft.com/ModelRailroadSystem/