Industry Headlines

AMT Commends Obama Aid, Asks for More Help for Manufacturers

March 23, 2009
/ Print / Reprints /
ShareMore
/ Text Size+

MCLEAN, VA-In a statement released March 19, 2009, Ronald Schildge, Association for Manufacturing Technology (AMT) chairman of the board, commended the Obama Administration’s plan to aid financial backing for small business lending, citing loans made through the Small Business Administration (SBA) as a key component of the effort.

However, Schildge said that more must be done, recommending that eligibility requirements for SBA 7(a) loans should be relaxed as well.

“These small manufacturing businesses are historically strong but don’t have the resources to weather the storm without help,” wrote Schildge. “If SBA preferred lenders take into account only the past few months’ business performance-as current policy requires-most of these businesses would fail by any credit test. Lenders should instead examine the longer-term financial history of a company when making decisions about whether to approve a loan.”

For more information visit www.amtonline.org.

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Podcasts

 In honor of World Quality Month, we spoke to James Rooney, ASQ Past Chairman of the Board of Directors 2013, for his take on quality around the world.
For more information, read the ASQ Speaking of Quality column.
More Podcasts

Quality Magazine

CoverImage

2014 August

Check out the August 2014 edition of Quality Magazine for features!

Table Of Contents Subscribe

The Biggest Obstacle/Concern?

In the current economic and business climate, what is the biggest obstacle/concern to your job?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

eNewsletters

STAY CONNECTED

facebook_40.png twitter_40px.png  youtube_40px.pnglinkedin_40px.png