CALL TO ACTION!!

To all of our franchising and small business friends...


Senate 1832 is a bill to extend the 90% guarantee and increase SBA limits to $5 Million. It is caught up in the fodder of healthcare reform discussion. We NEED to get this bill moving to keep lending alive. Banks will NOT make loans at 75%, when there is pending legislation to increase future loans to 90%. They will sit on their hands, AS THEY SHOULD. What would you do if it was your money?

Below is a paste of an email that I sent to my legislators this morning. Please use it, or a facsimilie of it and send it to your local legislators. You can go on the IFA Website, http://franchise.org/capitalaccess.aspx and click on the link to email your legislators.

Grass roots efforts and being the "squeaky wheel are what will make things happen!

Thanks for your support!!

Ron



We met at the International Franchise Association fly in last September. I am writing to encourage you and Senator Specter to please get S1832 moving. The stimulus funds for SBA lenders have run out, and the guarantee is now moving backward to 75%! This is being done due to the “Healthcare Bill” monopoly on the congress.



Please let me know what else I can do, other than reaching out to my other legislators? Please respond and let me know your thoughts.



Thanks



Ron



S.1832
Title: A bill to increase loan limits for small business concerns, provide for low interest refinancing for small business concerns, and for other purposes.
Sponsor: Sen Landrieu, Mary L. [LA] (introduced 10/21/2009) Cosponsors (10)

Sen Bayh, Evan [IN] - 10/27/2009
Sen Boxer, Barbara [CA] - 10/22/2009

Sen Cardin, Benjamin L. [MD] - 10/21/2009
Sen Casey, Robert P., Jr. [PA] - 10/21/2009

Sen Dorgan, Byron L. [ND] - 10/29/2009
Sen Harkin, Tom [IA] - 10/21/2009

Sen Kerry, John F. [MA] - 10/21/2009
Sen Levin, Carl [MI] - 10/26/2009

Sen Pryor, Mark L. [AR] - 10/22/2009
Sen Shaheen, Jeanne [NH] - 10/21/2009



Latest Major Action: 10/21/2009 Referred to Senate committee. Status: Read twice and referred to the Committee on Small Business and Entrepreneurship.