A Loan of Our Own
Oct 19th, 2009 | By Dawn R. Rivers | Category: Policy MattersSuddenly, lawmakers were taking a second look at Microloan.
Not that they haven’t always been willing to look at it. It is thanks to their consistent support that President George W. Bush was unable to get rid of it, even though he tried for three years or so.
But, now that President Obama has demonstrated that he is willing to seriously fund the program, and now that lawmakers have seen they way Microloan Intermediaries were able to pick up some of the slack when the major SBA 7(a) lenders had a collective hangover, some people are starting to talk about increasing the loan cap and expanding the program.
And I will confess to you that it bothers me.
