In Defense of the Ex-Im Bank

The good news is that it looks like the Export-Import (Ex-Im) Bank will be reauthorized for the short term. The bad news is that it is widely misunderstood, to the detriment of small businesses and entrepreneurs. To complicate things the Ex-Im Bank is a misnomer. It has nothing to do with imports and is not a bank. It provides loan guarantees to private banking institutions on behalf of American exporters. It also provides credit insurance. Everything it does, it does so... Read More

Another Roadblock to Capital for Entrepreneurs

Access to capital is the lifeblood of a small business if it wants to grow and hire. Yet, increasingly the U.S. government puts roadblocks in front of entrepreneurs who, with a little financial help today, could be tomorrow’s Apple. For example, let’s take Dodd-Frank, which is forcing our community banks out of business. For more than a hundred years, community banks have been the economic drivers for small business, communities and the nation. But they have... Read More