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July 11, 2006

Small Business Loans

I came across the article today about small business loans and it got me thinking about how small business loans are administered in the USA and the UK.

Frankly there's no comparison. I can see why there's such a big gulf between entrepreneurialism linked to innovation between the USA and the UK.

The article concentrates on SBA (Small Business Administration) loans to women-owned firms, particularly to metro Milwaukee women-owned businesses.

Apparently loans to metro Milwaukee women-owned businesses are down compared to the previous year and the SBA is concerned. So concerned about not meeting their targets the SBA are investigating the reasons.

Compare this to the UK where grants are available instead and where it's difficult for start up businesses to get startup grants. Also in the UK, the SBS (Small Business Service) wouldn’t investigate why any small business community, or any small business for that matter is not getting grant funding. It is simply not mandated to look after the interest of small businesses in this way.

I could go on about the gulf between small business financing and how inadequate the UK system is compared to the USA. Instead, you can read the article on small business loan yourself.

David
Championing Small Business.

Posted by David at July 11, 2006 10:52 AM