In case you missed it (and there's a good chance you did), I was on FOX Business News late Friday afternoon. I found out that I would be on FOX's Happy Hour show earlier that same day, while I was out of the office at a day-long meeting, so I didn't have much time to prepare.
Anyway, without any further ado, here's the clip (just be sure to keep reading - - I have a couple things to share after you watch):
Even though this is my fourth appearance on FOX Business News in only 10 months (second time in the past two weeks), I'm still not used to the brevity of these interviews. I never feel like I get to fully explain what I want to say.
I wish we'd had just a few extra seconds so I could've talked a little bit more about the SBA. One of the main problems with SBA lending right now is that it (lenders and the SBA approving their loans) generally can't lend to unprofitable businesses. There are businesses out there that are otherwise healthy; they just haven't put up great numbers over the last year or so, during the “Great Recession.” We need to relax some of the restrictions on SBA lending so that more businesses can get access to the credit they need to push through to better times.
Be sure to check back here in a day or so, because I'm going to post more thoughts on the SBA, as well as my comments on President Obama's State of the Union Address from last week. I would have put that up here last Friday, but FOX Business News took precedence.
P.S. If you find anything I've said or written here interesting or stimulating (even if you don't agree with what I have to say), forward it to someone who might appreciate it (even if THEY don't agree with what I have to say). We, as American Citizens, need to talk about these issues and I hope some of these thoughts and ideas can spark a little debate somewhere . . . hopefully for better public policy.
P.P.S. Don't forget that purchasing commercial property is still one of the best decisions a business owner can make . . . and that Mercantile Capital Corporation is still making that dream come true for business owners every day. Even with all the negative news about the financial industry, our total lending volume increased 14.5% from 2008 to 2009, and I fully expect us to grow even more this year. If you or someone you know ought to at least consider owning commercial property, introduce them to me right away by calling 1-866-622-4504 or emailing info@mercantilecc.com. It's never too soon to find the right lending partner for a decision this important.
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