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Last updateFri, 31 Oct 2014 11am

Prosperity in the Age of Decline

Prosperity in the Age of Decline

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Obama, Congress Propose Help for Small Businesses Looking for Loans

Paul Carosi bought Units Mobile Storage in Phoenix 18 months ago, wasn't able to get a small-business loan, and has walked the treacherous line of relying on his 401(k) savings to fund his business.

 

Business has gone well — sales are up, and he's been able to sell all of his storage containers — but an expansion loan can't be had, either.

 

"I have been frustrated," Carosi says. "I can't find anybody to even consider us."

 

The initiatives announced last week by President Obama, and a separate proposal this month by Sen. Mark Warner, D-Va., aim to fix such quandaries.

 

Source: USA Today

 

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Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

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