Maybe I’m not 100% clear on what the stimulus package is supposed to do in regards to small businesses, but I was under the impression that it was supposed to make monies available. Understand, i am not referring to “handouts” I am speaking solely of businesses that have a good credit rating and the ability to pay the money back.
In one of my businesses we have visited 4-5 banks over the past week at the urging of people telling us about President Obamas’ plan to help the smb. We have been told, even by banks that we have a good relationship with, that things are tighter then ever and that the new “stimulus” package isn’t freeing any money up at all.
Either we are talking to the wrong people, it hasn’t made it’s way through the system yet, or it’s more of the same ol’ same ol’ BS from Washington. After watching the circus over the AIG bonuses and watching many of our Senators and Congressman embarrass themselves (and the country) with their “D” level performances on TV, it’s hard to imagine it’s not the latter.