If a car dealership makes less than $30 million per year or has less than 200 employees - help is on the way!
Two weeks ago, the Small Business Administration proudly announced that they surpassed the legally required 23% of Federal contracts to small businesses. "This is excellent news for small businesses doing business with the federal government,” said Administrator Barreto. “For the third year in a row, the federal government has met or exceeded its small business contracting goal. The President and his administration are committed to helping small businesses get their fair share of government contracts.” [pdf] They however failed to mention that they continue to classify Boeing (member of the Dow Jones Industrial Average), GTSI ($900M in revenue last year), and other "small" businesses in that category.
Loans over $10,000 require collateral ... (NYT link gen) The SBA (loan officers wanted ), which runs the federal government's main disaster recovery loan program for homeowners, has rejected 82 percent of applications. (17,463 home loans approved, 77,000 rejected - though some must get rejected in order to receive smaller FEMA grants...)