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
