Small Business Credit Availability in Light of Recent Small Business Reforms H
Small Business Credit Availability in Light of Recent Small Business Reforms H
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To quickly assess the difficulty of the text, read a short excerpt:
I have been in banking for 38 years, and I started two banks re- cently, one of which is Commonwealth State Bank in Newtown in Bucks County, which is 6 years old, and the other is First Capital Bank York below Harrisburg, which is 5 years old. Their combined loan portfolios total $105 million, and they are exclusively loans to small- and medium-sized businesses.
Since I spent all of Friday morning at the King of Prussia office of Small Business Administration, I would like to get right to that.... Let me address the LowDoc Program first. Yes, I think this is defi- nitely a step in the right direction.
Mr. Chairman, I want to make a comment, however. The regu- lators, in my opinion, realize that loans guaranteed by the Small Business Administration do not have the same degree of risk as loans that would be entirely made by a bank. However, a bank has a fiduciary responsibility to the Small Business Administration since we are using taxpayers' money through the Small Business Administration.
What to read after Small Business Credit Availability in Light of Recent Small Business Reforms H?
You can find similar books in the "Read Also" column, or choose other free books by Taxation United States Congress House Committee On Small to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
I have been in banking for 38 years, and I started two banks re- cently, one of which is Commonwealth State Bank in Newtown in Bucks County, which is 6 years old, and the other is First Capital Bank York below Harrisburg, which is 5 years old. Their combined loan portfolios total $105 million, and they are exclusively loans to small- and medium-sized businesses.
Since I spent all of Friday morning at the King of Prussia office of Small Business Administration, I would like to get right to that.... Let me address the LowDoc Program first. Yes, I think this is defi- nitely a step in the right direction.
Mr. Chairman, I want to make a comment, however. The regu- lators, in my opinion, realize that loans guaranteed by the Small Business Administration do not have the same degree of risk as loans that would be entirely made by a bank. However, a bank has a fiduciary responsibility to the Small Business Administration since we are using taxpayers' money through the Small Business Administration.
What to read after Small Business Credit Availability in Light of Recent Small Business Reforms H?
You can find similar books in the "Read Also" column, or choose other free books by Taxation United States Congress House Committee On Small to read onlineMoreLess
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