Monday, October 12, 2009
Small-biz Bail-Out idea
Patriarch Partners Founder-CEO Lynn Tilton (left) brings her proposal for Rescue Loans for small- and medium-sized businesses to the National Press Club, where she'll participate in a Newsmaker briefing, this Thursday, Oct. 15. The Patriarch site is here. She wants to provide rescue loans to small and mid-sized enterprises, which she notes have had "no access to capital." Rescue loans, coupled with new efforts toward innovation, will turn the tide, she says. Either way, she says in a video interview, "It's going to be a long time" til normality returns. The site for her rescue proposal is here.
Labels:
ARRA,
debt,
distressed assets,
economy,
finance,
Lynn Tilton,
Stimulus
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