09-01-2012, 12:34 AM
Obama care kinda sets the bar for what a small business is. A business ith less than 50 employees is exempt from Obama care or any penalties.
The new banking rules (Dodd-Frank) are too restrictive and make it very difficult for small local banks to lend to small local businesses. Besides the red tape involved is very discouraging for applications. I used to be able to walk into my local bank and borrow $15-20K on not much more than my good credit and a hand shake. Those days are gone.
The new banking rules (Dodd-Frank) are too restrictive and make it very difficult for small local banks to lend to small local businesses. Besides the red tape involved is very discouraging for applications. I used to be able to walk into my local bank and borrow $15-20K on not much more than my good credit and a hand shake. Those days are gone.