My op-ed for this Sunday is going to focus both on small and large business loans (SBA, LBA). The SBA’s are going to comprise of loans up to 30 Mllion dollars while the LBA’s range from 30 Million up to 200 Billion dollars.
An SBA is going to be made to anyone with an idea or plan to open or have an existing business. In addition, if anyone wants to open more stores one will be qualified to get these loans. Credit isn’t an issue even if bankruptcy has been filed. No collateral is required for an SBA, and they will work with the borrower to help find resources for success to be obtained.
No one will be denied because of credit or even money owned to other entities. The SBA will even work with an applicant’s credit issues and automatically bar anyone, including the IRS, from interfering with the business, or income, during the loan period. The IRS focus will change from acting as an attack dog to working with any American, and as such, they will lose their teeth so they will no longer have the ability to garnish wages or property in most cases.
The LBA will work on basically the same as the SBA for stores like Sears that should never have closed down. These loans will allow stores like Sears to completely reorganize their business model, as well as comply with new diversity and equity requirements for their employees. All of the prior debt will be paid off by the LBA. When i finally get all my plans in action I will be working on getting the infrastructure of our country up and running, with the goal being to raise the United States GDP from 21 trillion dollars to 500 trillion dollars a year.