144,000 new jobs if credit unions can have cap raised from 12% to 28% for small business loans. Loans under $50,000 do not count against cap now nor in proposed increase. Senate testimony regarding tax free status mentioned that most banks are chapter S and do not pay taxes either.
Jump Start Small Business Lending at Zero Taxpayer Cost
Current Status: Blessed (1)
Seeded on Mon Jun 20, 2011 11:16 PM
keyboard shortcuts: V vote up article J next comment K previous comment