No, not someone that lends chickens silly.
The banks here in the USA that are chickenshirt to lend money, even when the deals are good.
The background: The banks won’t lend money because they are scared of the future economy and they are being questioned by regulators on each and every loan.
Small business can’t afford to have a stock offering on Wall Street or they don’t want to give away the majority of their companies to VC funds.
Currently, there is a small business lending package that is a little cumbersome, but available through banks.
It’s called SBA, the Small Business Administration where loans are guaranteed by the SBA (US government).
The solution: Make the SBA limits higher, let the SBA guarantee loans and change guidelines to make it easier. Take a page from FHA. Have an insurance fund per loan to pay off the bad debts.
This way, the losses are covered, the loans are made and economy can recover.
