In 2003, I was fortunate enough to participate in a Congressional Luncheon that honored Small Business Advocates, as well as a luncheon that saluted Women in Business. The guest speaker was the Vice President of the United States and spoke of the champion efforts that are made to promote the success of small business's across America. A few months later, we actually garnered the attention of the Small Business Administration, when Bend, Oregon was selected as one of 10 cities nationally to kick off the SBA's 50th year celebration tour.
Fast forward to 03/16/09, where President Obama announced the enhancements to the SBA loan program, which would temporarily eliminate SBA fees, increase the guarantee to the lender and a few other items.
While these changes are a good step in the right direction, there are still greater underlying issues that need to be solved, in order to actually get SBA loan funds directly into the hands of the small business owner.
I recently have contacted Senator Wyden's office in Washington DC, and have an opportunity to unveil my common sense proposal to cut to the real problems and provide a solution.
My ultimate goal, is to present my solution to the US Senate Committee on Small Business & Entrepreneurship and continue my efforts to advocate on behalf of the small business owners.
Stay tuned, and of course.... call me with any loan needs in Oregon!
Cathie Hendrix
Monday, March 30, 2009
Monday, March 16, 2009
It's Official~ SBA Fee's will be waived~
SBA has implemented the changes to the SBA 7(a) and SBA 504 loan programs!
Effective immediately, the following changes are available to Small Business Owners:
SBA 7(a) Loan:
The SBA Guarantee Fee will be WAIVED until the allocated $8.7 Billion funds are exhausted, or December 31, 2009; which ever occurs first.
The SBA will guarantee up to 90%.
SBA 504 Loan:
Two MAJOR loan fees have been waived until the allocated $8.7 Billion funds are exhausted, or December 31, 2009; which ever occurs first.
The only remaining SBA fee is nominal and can be estimated at 0.65%.
Due to the time and dollar limitations of the program changes, it is IMPORTANT that Small Business Owners call to take advantage of these fee waivers.
Additionally, it is very important that you work with an EXPERT in SBA Lending, to ensure that your approved loan is completed quickly and includes all current changes!
Effective immediately, the following changes are available to Small Business Owners:
SBA 7(a) Loan:
The SBA Guarantee Fee will be WAIVED until the allocated $8.7 Billion funds are exhausted, or December 31, 2009; which ever occurs first.
The SBA will guarantee up to 90%.
SBA 504 Loan:
Two MAJOR loan fees have been waived until the allocated $8.7 Billion funds are exhausted, or December 31, 2009; which ever occurs first.
The only remaining SBA fee is nominal and can be estimated at 0.65%.
Due to the time and dollar limitations of the program changes, it is IMPORTANT that Small Business Owners call to take advantage of these fee waivers.
Additionally, it is very important that you work with an EXPERT in SBA Lending, to ensure that your approved loan is completed quickly and includes all current changes!
Friday, March 6, 2009
The solution is simple
Often times, we try to fix a problem, but only create a larger mess.
As an advocate and expert in small business lending, I have the simple solution to ACTUALLY FIX the limited credit options to small business owners.
My solution utilizes the current infrastructure regarding small business lending between banks and the US Small Business Administration; and provides a win-win loan structure.
My solution is financially better, than the current proposal by the administration regarding the flagship SBA 7(a) loan.
My solution is better for the small business owner.
My solution would also be appealing to existing SBA Preferred Lenders,who are experts in making SBA loans.
Please help get me in front of the political leaders who are not afraid of a simple solution, and I will advocate on behalf of the small business owner and provide my solution!
Email your contacts to: chendrix@bendbroadband.com
Thank you!
Cathie Hendrix
As an advocate and expert in small business lending, I have the simple solution to ACTUALLY FIX the limited credit options to small business owners.
My solution utilizes the current infrastructure regarding small business lending between banks and the US Small Business Administration; and provides a win-win loan structure.
My solution is financially better, than the current proposal by the administration regarding the flagship SBA 7(a) loan.
My solution is better for the small business owner.
My solution would also be appealing to existing SBA Preferred Lenders,who are experts in making SBA loans.
Please help get me in front of the political leaders who are not afraid of a simple solution, and I will advocate on behalf of the small business owner and provide my solution!
Email your contacts to: chendrix@bendbroadband.com
Thank you!
Cathie Hendrix
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