BoeFly Logo

BoeFly Transactions

Previous Issues
Issue 30: Loan Sale Premiums Hold Steady in November

Issue 29: Proper Risk Management Protection and Credit Worthiness

Issue 28: BoeFly Helps Veterans With Disabilities Connect With Lenders to Obtain Small Business Loans

Issue 27: Loan Sale Premiums Level off in October

Issue 26: SBA Secondary Market changes - Warranty Period and Premiums on New Larger Loans

Issue 25: BoeFly Surpasses the $1 Billion Transaction Mark

Issue 24: Loan Sale Premiums Continue Climb in September

Issue 23: Robert Tannenhauser, CEO of BoeFly, Interviewed by Michael McKee on Bloomberg Radio

Issue 22: Lender Optimism is up While Anxiously Awaiting the Small Business Jobs Bill

Issue 21: Loan Sale Premiums Blast to Record Highs in August

Issue 20: Title Insurance- the Lender's Perspective

Issue 19: Condemnation and Mortgage Lender's Rights

Issue 18: Long-Term Deals Continue Record Climb; Short-Term Deals Fade

Issue 17: Congressman Walt Minnick (D-Idaho) Gets It

Issue 16: Deeds and Forms of Ownership

Issue 15: SBA Loan Sale Premiums Hit Record High in June

Issue 14: What You Need to Know About Property Insurance

Issue 13: SBA Fixed Interest Rate Loans are an Important Product to have at the Ready

Issue 12: 504 Guaranteed Pool Program Summary and Survey Results

Issue 11: Loan Sale Premiums Surge to Record Highs in May

Issue 10: Environmental Risk for Lending Opportunities

Issue 9: How To Take Advantage of the First Lien Position 504 Loan Pool Guarantee Program

Issue 8: Investors Remain for SBA Loans

Issue 7: Retirement Funds for an Equity Injection - Selecting the Right Plan Provider

Issue 6: Why Outsourcing Environmental Risk Management makes Cents for Lenders

Issue 5: Loan Monitoring: Comfort in a Crisis

Issue 4: BoeFly Case Study: The economics of selling SBA guaranteed loans

Issue 3: BoeFly Lender Survey Results Q1 2010

Issue 2: Loan Sale Premiums Rally in Q1

Issue 1: The Importance of Efficiency in Secondary Markets

Congressman Walt Minnick (D-Idaho) Gets It

Share this article:
Bookmark and Share

In an interview published in the July 29th New York Times, Congressman Walt Minnick (D- Idaho) and writer Robb Mandelbaum discussed the current status of small business lending. We found this exchange to be particularly interesting (highlighting is by us):

Q. What do the small-business owners you talk to say are the big issues that they're most concerned about?

A. Well, today, the two big issues are just lack of business and lack of financing.

Q. If companies don't have much business, why do they need credit?

A. What I'm finding is that the recovery is very ragged and uneven. Some businesses are really going gangbusters, others are seeing some small improvement, and other business owners tell me they see nothing on the horizon and they're continuing to cut costs and trying to hang on. It's only for the ones that are seeing improvement that credit is relevant, but it's the small businesses who want to expand who normally drive a recovery. I think the biggest reason why the recovery appears to be faltering is that there are collectively enough of these small businesses who do have logic for expanding who can't get any money from their community banks or other familiar and local sources of credit.

As a follower of BoeFly you already know that the problem identified by Congressman Minnick is the very problem solved by BoeFly - connecting borrowers and willing lenders regardless of where they are located. Taking this inefficiency out of the process is what BoeFly is all about!

Full Story: