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I feel your pain JB. A family member has been a bank manager for many years and
was able to approve most small business loans under certain criteria on her own.
Now with the new Banking Regulations all small business loans must be sent to a Loan Officer at Headquarters. No matter what the loan history is with the local bank, the business needs to put up %60 colatteral in some form, even their homes, to get a loan.
Not a favorable enviornment to grow a small business or hire additional employees,
and these are many of the people they want to increase taxes on.
Doesn't make sense for economic growth.
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