News / Business
Entrepreneur and Business Developer David Kamatoy Interviews SBA Loan Expert Craig G. Francis
San Diego, CA - On September 27, 2010, President Barack Obama signed the Small Business Jobs Act which created a $30 billion small business lending fund, created new tax cuts, and renewed the successful Small Business Administration loan provisions that had been allowed to lapse in May. The bill was not without controversy, and took several weeks and numerous votes before it passed the Senate and was returned to the House for final approval. Chief among the arguments against the bill was that it would become a “TARP Junior,” with all the negatives associated with the earlier bailout attempt.
To get some straight talk on the bill, entrepreneur, entertainer, and business developer
David Kamatoy interviewed SBA loan broker Craig G. Francis on its positives and negatives. Craig G. Francis is an expert in SBA and business lending, with over 30 years of experience in the industry. Mr. Francis has been a top producer of SBA loans since 1981, and worked at one time for both Dun & Bradstreet and Bank of Commerce. He has helped over 2000 small businesses to acquire over $1 billion in loans during his career.
In discussing the bill, Craig G. Francis said that the biggest winners would be the small business it targeted. “The waiver of the SBA fee, saving up to 3.5% of the loan for a 7(a) and about 1% on the 504, is a solid achievement of fiscal assistance to the business borrower,” Francis explained. He also pointed out that perhaps the greatest benefit of the bill will be the encouragement its passage provides for small business owners. “Encouraging signs from any quarter can give the businessman or woman the needed boost in economic confidence to get started and moving again.”
For the complete interview, visit DavidKamatoy.com or SBALoanStore. For questions or press inquiries please contact Kamatoy Media Group via email or at 619-573-9456.
To get some straight talk on the bill, entrepreneur, entertainer, and business developer
“The most beneficial aspect of the bill is the reduction in SBA fees. Just the loan costs alone could pay for one employee.”
Craig G. Francis
In discussing the bill, Craig G. Francis said that the biggest winners would be the small business it targeted. “The waiver of the SBA fee, saving up to 3.5% of the loan for a 7(a) and about 1% on the 504, is a solid achievement of fiscal assistance to the business borrower,” Francis explained. He also pointed out that perhaps the greatest benefit of the bill will be the encouragement its passage provides for small business owners. “Encouraging signs from any quarter can give the businessman or woman the needed boost in economic confidence to get started and moving again.”
For the complete interview, visit DavidKamatoy.com or SBALoanStore. For questions or press inquiries please contact Kamatoy Media Group via email or at 619-573-9456.
