Could TARP funds actually go directly to the small business owner? The Administration is now working with the SBA to come up with a plan that gets TARP funds directly to the small business owner.
Not sure how far my SBA Loan Proposal has gone up the chain in the Senate, but this is precicely what my proposal outlined!
I have a real solution that reduces the lenders risk, utilizes the TARP funds to "direct fund" a portion of the loan request from SBA and targets job creation. My proposal utilizes existing infastructure and is designed for quick Senate approval.
If anyone out there knows of a better way to get my proposal in front of the US Senate Committee on Small Businesses, PLEASE let me know.
I have gone through Senator Wyden's office in DC. I have directly emailed Senator Snowe, as she is the primary contact on this committee. I would imagine that the email will go through the normal channels, thus taking 3 months. We need this engine to fire-up and get moving now!
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