A Bailout for Small Business?

Small Business Dies, so will our country

Our Country is made up of more small business than anything else and we are the ones bearing the brunt of this recession. We have been in business for over 25 years and this is the worst I have ever seen.

We have our business on the market, as we are in our 70s and ready to retire...Golden Years??

Looks to me like we will be here for the duration and I hope our kids will see some profit from all our hard work. In my opinion this was all caused by fear and greed. People who still have incomes and can afford to buy things are not buying, just out of fear. That helps no one and makes it worse for all.

I wish I knew what the answer is,all we can do is hold on, spend all of our savings and hope it gets better soon.

J. N. of WA @ Jan 16, 2009 19:03:48 PM

Small Business Bailout

How do we explain to our families todays situation? Our tax dollars are being GIVEN to the same banks that in return tighten their strangle hold on the public. We are at the mercy of banks that can change your APR at will for no reason at all, they decide when to post your payment and you pay the penalties. There are business' like mine that will never survive this economy and all that we've worked for over our life time will be gone. This is not the American Draem I worked for.

JM of CT

joe marsala of CT @ Jan 12, 2009 13:44:01 PM

goverment needs to list to the people

Give the tax money back to the people and small businesses. This would stimulate the economy. The people and small business would be able to pay back thier loans to the creditors, and maybe be able to by a new car, or pay off the one they owe on. Giving the money to big business will not solve the problem. all they will do is continue to give themself big wage increases and keep all thier million dollar homes and privte jets. Big business will not forgive my debit so why should they get our tax dollars and keep charging us (we the people) more intrest? I could use some help know, since November thier has been hardly any business, And it does not look any better. I had to lay off my one worker who is having a hard time finding work of any kind. I pray to God that our leaders will listen to the people,and make the right choice and give the money back to the people.

Kipp Huckaba of MT @ Jan 01, 2009 12:28:52 PM

What do we do when we can't survive?

The only people who will survive in any industry are those who can tread water the longest. But not knowing how long we have to tread for makes it difficult to hang on. We started our buisness 2 years ago and if its not already hard enough getting a small business on its feet so that it can actually survive until it sees a profit, then we get hit by this economy. On top of it we are in a luxury industry so what we do is going to get cut quicker than people who are in a need based industry like utilities. The only comfort in all of this is we're not alone. Not much of a comfort I know. We can't cut expenses any further than we have, and I spend most of my day talking with collectors or more ideally, avoiding the calls since I am out of things to say to them. Burying my head is not the way to get through it, but I am out of ideas on how to survive.... What does one do when they hit rock bottom and they have everything they own and even stuff they don't own riding on it?

The oil industry should have to bail out the auto industry since they caused that mess to begin with, all the banks should of handed over a list of all homes in default and those near default. The owners of those homes should of been given 100,000 to pay their homes off or at least pay on them and if they were fortunate enough to have money left over good for them, go out and spend it to boost the economy or use it to pay off credit card debt. Than we'd see a trickle down effect. If you aren't won't of those folks who would qualify for the government money then thank your lucky stars, because those of us here on the bottom would gladly trade places with you ANY DAY! I guess if you aren't employing 100,000 workers than you aren't worth spit in the governrment's eyes.

Sheila Blower of NC @ Dec 16, 2008 12:39:42 PM

small business bailout

I agree, I think they shouldv'e given that money to the taxpayers to boost spending. small business' such as the one I (for today) am the manager of, are finding it very hard to keep the doors open, not due to any fault of our own. Consumers are not spending. period. they have no money to spend... if it keeps on, pretty soon we will all be homeless and jobless.

you want to improve the economy, give money back to TAXPAYERS and give breaks to small business owners so they can afford to keep their doors open.

any help from the government would be great.

otherwise, I'll see you all very soon in the unemployment line.

ric of MD @ Dec 04, 2008 16:50:27 PM

Small Businesses with credit card woes

Small Businesses are getting hit from every direction. Their customers can't spend, they can't get loans, and if they use a credit card - small businesses are seeing the APR on those cards rocket up to over 30%.

There is no bailout for small businesses. Maybe the government should offer free legal services for bankruptcy filing.

I have no more notches on my belt to tighten.

CJ of NY @ Nov 25, 2008 11:52:19 AM

bailout for small businesses

How the hell will this help bail out small businesses. Our customers stopped calling and coming in the store as soon as the President announced that our economy was going down the tubes. Give some money to the consumers, not the banks, credit card companies and certainly not the auto makers. What good does it do to give them money to keep people working and make more cars when people cannot afford to buy cars any longer?

The Garage Project LLC of WI @ Nov 15, 2008 14:03:07 PM