Montgomery

The Wall Street Journal reports in this article that the SBA loans have been affected by the credit crunch. Apparently this is really affecting women and minority owned small businesses.

I wonder if this is affecting any Montgomery area small businesses?

The Small Business Administration, through one of its programs called Community Express,  usually provides micro loans in the $5,000 range through local banks in an effort to promote the entrepreneurial efforts of citizens.  According to the WSJ:

“Originally, Community Express loans were aimed at minority-, women- and veteran-owned small businesses in low- and middle-income areas. But they now target all small-business owners who are seeking less than $25,000, and owners needing more than that who are in business zones defined as “historically underutilized” or covered by the Community Reinvestment Act.”

I wonder if this will affect start ups of small businesses or offices in Montgomery.

What do you say, reader? Do you know of an example in Montgomery where a small biz was affected by lack of a micro loan, or any funding? Please leave a reply below.