Political Quotes

On the recordFebruary 9, 2010
Small businesses are the number one source of new job growth in our country, and their success will be critical to our Nation moving out of economic recession and toward recovery. One of the key drivers of small business success is access to capital. Unfortunately, the credit crunch has prevented them from accessing the capital they need to grow and to create jobs. The Recovery Act and Small Business Administration lending programs such as 504 loans, 7(a) loans, and America's Recovery Capital, or ARC loans, are helping to stem the tide of job loss and getting our economy moving again, but more needs to be done. In order to expand the availability of credit to small businesses, we must strengthen our community banks to allow them to lend to deserving small businesses. Our Nation's community banks play a vital role in small business lending, but the financial crisis has hamstrung their ability to make these loans.
Said by
Rick Larsen
Democratic · Washington

Editor's note · Context

The speaker addresses the importance of small businesses and the need for better access to capital for their growth.

Share

More from Rick Larsen

Sep 10, 2024

It is more effective and less costly to prevent pollution than to clean up pollution.

congress.gov
Sep 10, 2024

It just seems to me, returning to a pre-Sackett system of uniform Federal protections would be better than a patchwork approach.

congress.gov
Sep 23, 2024

This is an FAA bill. It is an aviation manufacturing bill. This applies to everybody that it applies to.

congress.gov
Nov 13, 2024

However, this activity has been dominated by Russian-flagged vessels, and both Russia and China have jockeyed for control of the region.

congress.gov

Other voices in this conversation