Tag Archives: Small Business Lending Fund Act

Small biz keeping an eye on Senate

Small businesses across the country will be watching this month when the Senate takes up the Small Business Lending Fund Act. The House passed its version of the bill last month.

The act would provide $30 billion to community banks to loan to small businesses. But to the small biz community it’s a big deal.

Businesses that have found it next to impossible to borrow money in today’s economy would surely love to have access to a new source of capital. Will the Senate give’em a hand or will politics get in the way?

Click here to read my column on the issue in Sunday’s News Sentinel.

Credit crunch hurts biz park development

On Sunday, the News Sentinel and Knoxvillebiz.com, take a look at how the credit crunch has slowed development of Pellissippi Place, a technology business park being developed by Knox and Blount counties and the cities of Alcoa and Maryville.

Access to capital is hurting commercial development across the country. Both small businesses and public-private groups like the Industrial Development Board of Blount County, which owns Pellissippi Place, are having trouble getting loans.

Help could be on the way. But politics could get in the way. Now there’s a surprise.

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