The Small Business Administration currently only guarantees bank loans which requires the applicant to have a third of the loan amount being requested. This means only the rich get richer. Direct government loans for small business start ups will create permanent jobs with funds that will be repaid. Each loan should have a Corporate Attorney assigned to ensure the companies are created legally and a Business Consultant assigned to assist with the proper allocation of funds. This reduces the liability of loaning to starts up that do not have initial funds other than the loan. Innovative business ideas and concepts exists in the minds of those without access to capital. Tapping this unseen potential will create a new economic boom for our country.
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