Nearly 7 out of 10 new jobs are created by small business yet banks will not lend to start up companies. Although the SBA offers 80% loans for qualifying entrepreneurs, that 20% is nearly impossible to obtain for the average American and recent college grads. Through 100% federally backed loans and the practice of "supervised lending", we will unleash the entrepreneurial spirit, the skilled trades that will help these new business owners open their doors and will finally offer equal opportunity to all. In addition, recent college grads should be able to roll their student loans into these small business loans to get them on their feet as quickly as possible.
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