|By Ed Waters Jr., The Frederick News-Post, Md.|
|McClatchy-Tribune Information Services|
Speaking to the group at the
"Small companies are the lottery ticket, they could be the next big business," Delaney said.
Before entering politics, Delaney had two businesses that lent money to small businesses, helping them to get started or grow, he said.
America is unique in giving people the chance to start a business, Delaney said. "You have to balance regulations so that it doesn't stifle businesses to start. And you have to have access to capital."
"Traditional lenders want collateral or the person has to have enough money to start a business," Knox said. "It is those who don't have that, or a risky venture such as a restaurant, where SBA may be able to help."
Knox recommended people seek help from SCORE or the
Knox said he is optimistic about the economy.
"I used to get calls for people in desperation, saying they needed money to keep from closing the business. Now it applications for new businesses or expansions," he said.
SBA has completed 471 loans for
Small firms also have problems getting employees, they said, because they can't provide health insurance or pay wages comparable to those of big companies.
Delaney said he hoped Pasquale would be able to get more business, perhaps with foreign-owned businesses because Europeans often prefer B&Bs to hotels.
Delaney supports the proposed hotel in downtown
Small firms too often focus on the need for money only for equipment or other items, Contento said, and fail to consider marketing to let people know about the business and what it offers.
Delaney was surprised taxes were not mentioned as a major issue, he said during the meeting.
Interviewed later, Delaney said
"We would lose. The businesses that only want to talk about taxes will move out anyhow," he said. "A major point is how the taxes are used.
Over the next 20 years federal funds for projects will decline, Delaney said, creating problems for
(c)2014 The Frederick News-Post (Frederick, Md.)
Visit The Frederick News-Post (Frederick, Md.) at www.fredericknewspost.com
Distributed by MCT Information Services
We have detected that you are using an adblocker. The revenue we earn by advertisements allows us to publish quality content on InsuranceNewsNet.com.
If you wish to enjoy our content, please disable your adblocker and click the button below.
We hope you choose to whitelist our website and enjoy the content our team works hard to publish.