Small Business Bailout?? Where? Who? What? Could have fooled us!
We are NEW small business owners and the frustration is beyond reasonable belief!!!! You know what we were told by the big banks? We have superb credit, we are not in deep enough debt and too many dings on our credit report. THAT was their justification for not passing down some of that bailout money. Not like we were asking for millions of dollars either. Just some simple marketing and advertising money. WE had already footed the bill to get us up and running.
Let me clarify something here. A "ding" or credit inquiry is when someone or some entity LOOKS at your credit rating to determine if they are going to give you a job...give you a cell phone...give car insurance...give you that car FOR the insurance...open a mere savings or checking account...rent or buy a home...apply for that gas card...get a house phone, get electricity for your home, get water for your home...garbage service...heck, everything short of scratching your hind parts requires a credit check or a "Ding". I am pretty certain you could get dinged just ordering dinner these days. Now someone tell me how THAT is a valid criteria?
To add insult to injury when approaching the banks and SBA we were also told that the business "bailout" is for those business that have already DEFAULTED on existing business loans!!!! So you tell me that you can't give someone with stellar credit (stellar being defined as 720 fico score or higher) a business loan...but you can line the pockets of businesses that have already failed...now where would that power come from???
Big banks are holding on to their bailout money while throwing people from their homes, not giving small businesses loans to create jobs, repossessing the family car (which results in not being able to make your job)...etc...
Due to this we have had to result to utilizing whatever free advertising and marketing we can muster...considering we aren't worth the risk of obtaining a business loan but those that have already defaulted are. We have started a grass roots campaign...The Ghetto Witness Protection Program or (G.W.P.P) Considering anyone trying to obtain a small business loan might as well be anonymous. Watch this and leave your comments! More from the G.W.P.P. is coming! Time to fight the man!
Yayyyy Big Government!!!