Tough Times Financing Small Businesses
http://thekojonnamdishow.org/shows/2012-06-11/tough-times-financing-small-businesses
Probably the toughest part of starting and running a small business--convincing a bank to loan you money--has gotten even harder in recent years. Banks have tightened credit, and loans to small businesses are down to a trickle. Minority businesses are even harder hit, getting turned down more often and facing less favorable loan terms--if they can get credit. We talk about the options out there for entrepreneurs trying to build a business in tough times.
Guests
Bridget Bean
District Director, Washington Metro Area Small Business Administration; Acting Regional Administrator
Bryant Ruiz Switzky
Senior Staff Reporter, Washington Business Journal
Bill Cheney
CEO, Credit Union National Association
Nicholas Stewart
Director of Finance, New World Development Group
Comments
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Is the only way to report fraud or abuses to SBA is a personal email to a high official? No Ombudsman? No IG? No Fraud reporting center?
Will the SBA Official's email address be posted at the Kojo Show website?
There are a number of resources for fraud and abuses at SBA. I always find it easier to use a local resource to connect who can direct me to the right office.
For example, When there is a dispute between a small business owner and a Federal agency, the issue should be brough to the SBA ombudsman who can help both parties reach a mutual understanding and resolution. The Companies can file a comment or complaint describing their concerns at http://www.sba.gov/ombudsman
When there is an allagation of waste, fraud or abuse involving SBA's programs should be raised to the Office of the Inspector General. The IG's mission is to provide independent, objective oversight to improve the integrity, accountability, and performance of the SBA and its programs for the benefit of the American people. You may report fraud, waste, mismanagement, or misconduct involving SBA programs either online or by calling the OIG Hotline toll-free at (800) 767-0385.
The email for me, Bridget Bean, is bridget.bean@sba.gov