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2 The forum fostered communication among policymakers, regulators, small business owners, lenders, and other stakeholders. The forum featured leaders in the government and private sector, including Spencer Bachus, Chairman, House Financial Services Committee; FDIC Chairman Sheila C. Bair; Federal Reserve Chairman Ben S. Bernanke; Mark R. Warner, U. S.

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In fact, non bank finance companies currently comprise about 15 percent of small business lending and are better positioned for growth in this market than commercial banks.

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what is a business purpose loan Senator, Commonwealth of Virginia; Thomas D. Bell, Jr. , Chairman of the U. S. Chamber of Commerce; Jorge C. Corralejo, Chairman of the Latino Business Chamber of Greater Los Angeles; John D. Harrison, Superintendent, Alabama State Banking Department; Kathleen P. Sowa, National Business Credit Executive, Bank of America; Karen Mills, Administrator of the Small Business Administration SBA, and other experts, regulators, and industry participants. Small Business Sales and Loan Demand Depend on a Recovering Economy The overall economic recovery is critical to small businesses’ sales outlook and their demand for credit. Small businesses continue to identify poor sales as their single most important problem, a situation unchanged since late 2008, according to surveys by the National Federation of Independent Business NFIB. While weak sales have dampened small business loan demand, Federal Reserve Chairman Bernanke explained that a strengthening economy will fuel a circle of recovery: “We see the economy strengthening,” Bernanke said.

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The "Bad and Ugly" is that this program has a higher borrowing cost then the other SBA loan programs.

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Make sure that you prepare totally independent financial statements for your business, that do not include any of your personal finances.