I just read a neat little article on CNN Money about Obama’s plans for small business growth. Basically, no one wants to lend money to risky ventures, but Obama believes that our country is built – at least partially – on small business, so part of of his plan is to help the SBA guarantee more loans.
“Small businesses are the heart of the American economy,” Obama said in a speech at the White House. “They’re responsible for half of all private sector jobs, and they created roughly 70% of all new jobs in the past decade. They’re not only job generators, they’re at the heart of the American Dream.”
I like the part of the American Dream.
The article goes in to a lot more detail, but essentially, the SBA can increase its loan backing from 85% to 90% of qualifying loans.
Anyway, the article, and the plan in general, give a glimmer of hope towards getting money for the brewery. Now if we just had a business plan…