IMMEDIATE RELEASE: Thursday July 22, 2010
MBRT Urges Swift Bi-Partisan Congressional Action on Small Business Jobs Act
- Supports Small Business Lending Fund to Community and Smaller Banks
- Recommends Incentives to Encourage Lending and Repayment
- Provide $30 billion to leverage $300 Billion in new lending for Small and Minority Businesses
- Establish national web based loan portal to match lenders with borrowers
Washington, D.C. – “We applaud the President and Congressional efforts to provide access to capital and sustain financial recovery and maintain economic viability for our Nation’s small and minority businesses”, said Roger A. Campos, President & CEO. “We have not seen any movement to increase small business lending that was promised by CEO bankers receiving TARP funds at last years Congressional hearings. This is devastating to small and minority businesses that are desperate for capital to fuel their businesses.”
“We are encouraged that Senators LeMieux and Landrieu have introduced the Small Community Business Lending Fund (S.AMDT 4500) to provide capital that remains the lifeblood for survival of small and minority businesses. In order to compliment this initiative, MBRT strongly supports the Jobs Act provision that requires the launch of a small business loan web portal that will match lenders with borrowers through community outreach that will create competition among lenders for borrowers. This will help Main Street Americans get loans for their businesses in a matter of minutes rather than waiting for weeks and months for approvals”, said Campos.
About the Minority Business RoundTable:
The Minority Business RoundTable is the only national non-profit organization for CEOs of the nation's leading African-American, Asian-American, Hispanic-American, Native-American and other minority-owned businesses. Its members analyze and help formulate effective public policies that impact minority-owned business. Our corporate members work to create sustainable communities and national economic viability through successful partnerships.
The Minority Business RoundTable is proud to have Glaxco Smith Kline, Equifax, the Allegis Group and Aerotek, Inc., IMPAC Real Estate Holdings, the Business Roundtable, an association of chief executive officers of the country’s leading corporations, U.S. Small Business Administration, U.S. Department of Homeland Security, U.S. Department of Commerce, Minority Business Development Agency and other federal agencies, corporations and business trade groups as strategic partners. For more information on the Minority Business RoundTable, please visit www.mbrt.net.
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Minority Business Roundtable
1629 K Street, N.W., Suite 300
Washington, D.C. 20006
202-289-8881
rogercampos@mbrt.net |
