Access to Capital

As small business owners work to weather this challenging economic climate, they continue to face unique obstacles obtaining capital.  Whether it's a traditional bank loan, credit cards, or Small Business Administration (SBA) loan program, the small business community continues to battle strict restrictions, unpredictable rates and terms, and mounds of paperwork in their search for the financing they need during different stages of their business.  Therefore, it is important to provide small businesses with the tools and opportunities to access the capital they need to start, grow, or ensure stability for their business.

2011-2012 Legislative Priorities

Create Additional Working Capital Opportunities For Small Business

  • Provide financial institution with the resources and incentives they need to develop additional working capital opportunities that address the unique borrowing needs of small business owners
  • Develop programs, assistance and economic development initiatives that connect small business owners with financial resources

Support and Enhance SBA Loan Programs

  • Continue to extend the increased guarantees for SBA loans so financial institutions can feel more confident lending to small businesses in this challenging economic climate
  • Streamline the paperwork requirements and decrease turnaround time for SBA loans
  • Advocate for supplemental equity resources to improve the creditworthiness of small borrowers

Protect Small Business Credit Card Holders

  • Extend credit card protections to the small business community without discouraging credit card companies from issuing cards to small business owners

  • Bill Name: Small Business Broadband and Emerging Information Technology Enhancement Act Bill Number: S. 257

    Summary:

     

    This bill improves certain programs of the Small Business Administration to better assist small business customers in accessing broadband technology, and for other purposes.

    More Info
    COSE Position:
    Monitor

    Position Description:COSE is monitoring the bill’s progress.

    Updated
    March 18, 2011

  • Bill Name: Small Business Savings Account Bill Number: S. 364

    Summary:

     

    This bill amends the Internal Revenue Code of 1986 to establish a new Small Business Savings Account.

    More Info
    COSE Position:
    Monitor

    Position Description:COSE is monitoring the bill’s progress.

    Updated
    April 26, 2011

  • Bill Name: Small Business Lending Enhancement Act of 2011 Bill Number: S. 509

    Summary:

     

    This bill amends the Federal Credit Union Act, to advance the ability of credit unions to promote small business growth and economic development opportunities, and for other purposes.

    More Info
    COSE Position:
    Monitor

    Position Description:COSE is monitoring the bill’s progress.

    Updated
    April 29, 2011

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