Business Loans Quotes

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Business Loans Quotes

I believe the best way to help our small businesses is not only through small-business loans, which we have increased since Ive been the president of the United States, but to unbundle government contracts so people have a chance to be able to bid and receive a contract to help get their business going.
— George W. Bush —

In one month, the Small Business Administration does $1 billion of loans and guarantees for businesses; many of those are women-owned businesses.

— Sylvia Mathews Burwell

It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.

— Mark Zandi

What this means is that the entire business model for something like Chase's credit card business is not much more than a gigantic welfare fraud scheme. These companies borrow hundreds of billions of dollars from the Fed at rock-bottom rates, then turn around and lend it out to the world at 5, 10, 15, 20 percent, as credit cards and mortgages, boat loans and aircraft loans, and so on. If you pay it back, great, it's a 500 percent or 1,000 percent or 4,000 percent profit for the bank. If you don't pay it back, the company can put your name in the hopper to be sued. A $5,000 debt on a credit card for the now-defunct Circuit City, which was actually a Chase card, became a $13,000 or $14,000 debt by the time the bank finished applying fees and penalties. Just like a welfare application, you have to read the fine print. "They make more on lawsuits than they make on credit interest," says Linda.

— Matt Taibbi

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