My Business Credit Lines

Issues Affecting Small Business Loans in the Upcoming Presidential Election

Small business owners and entrepreneurs can vote based on a matter of personal opinion. This article simply highlights some of the many issues that stand to affect the economy and small businesses during this upcoming presidential election of 2016.

Healthcare

 

Healthcare companies have real time data on how Americans are using ObamaCare, which means that insurance companies are increasing premiums, which directly affect small business owners.

 

There will be plenty of debate in this election about ObamaCare, especially since the Supreme Court has upheld the subsidies that support the Affordable Care Act. Many Republican candidates have promised solutions that will fix America’s costly healthcare system.

 

Income Inequality

 

Many Americans are dissatisfied with the continuous growing divide between classes, which seems to have left the middle class nearly obsolete. Some candidates support increasing minimum wage, while others are touting the need to educate Americans. Expect this to become a hot button topic during this election.

 

Taxes

 

Whether it is tax relief, tax reform or a flat tax, each presidential candidate has their own solutions for fixing today’s high taxes that are hindering many small businesses from succeeding.

 

Regulation

 

One of the most common small business owner complaints is dealing with time-consuming regulations. Presidential candidates from both parties are showing they are committed to help small businesses by supporting lawsuit and regulatory reform.

 

Access to Capital

 

Nearly 33-percent of small businesses cannot obtain financing. Less small businesses have been able to rebound from the Great Recession compared to large businesses. In fact, many small businesses and startup companies cannot receive any credit, which is hindering economic business growth. These candidates are vowing more access to business cash advances, working capital loans and business lines of credit.

 

Only the next year will tell where candidates really stand on these economic platforms.

 

References:

http://www.newyorkfed.org/smallbusiness/joint-small-business-credit-survey-2014.html

http://yodleinsights.com/election-2016-5-key-issues-that-may-impact-small-businesses/

My Business Credit Lines Agencies

My Business Credit Lines has over 500 Business Lenders around the United States that offer different types of business funding. We do all of the searching for you so you can have access to lenders in your area all in one place. Any of the lenders will be able to help get you the credit line you need to get your small business off on the right track to success.

Want to talk with us?

Call us at 1-888-745-1114

or email us at info@mybusinesscreditlines.com

Type of Lending