Quote:
Originally Posted by Shaun 84 Targa
As a small business with 2 solid years of growth, I was counting on a bank loan this quarter to expand into adults, launch the Joey & Rex book series in January, bring silk screen in-house and hire an office manager.
bank loan is not going to happen and everything has been scaled back to just launching the books.
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Man, that sucks! Can you go SBA? The gov't. seems to like to throw money around. Doesn't SBA just guarantee bank loans though, or do they lend directly?
I think the true cost of the bailout will be tough to nail down until years after it's all over. Some of those assets that are performing great now will come to a screeching halt when certain ARM's reset. If they really do craft a new RTC and it's really devoid of political meddling (fat chance), then this could come out ok. Still, it's a terrible precedent.