Robinson touts small business loans

The state needs to create a program to provide micro loans to small businesses, the Democratic candidate for House District 54 said Thursday. Grand Junction attorney Dan Robinson said the…




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This shows that Dan Robinson has no grasp of the small business community or how to run a small business.

Let us ask. If a business is in such straits that it needs a loan to buy inventory to subsist, it may not be around long enough to get that loan paid off. What happens when that inventory is sold? Do they get another loan for more inventory?

While he caps the loan at $10,000 is there a cap on the number of loans a business can have? 24 hour approval tells me that it will be hard for struggling businesses with less than perfect credit to get a loan. This means that the companies that really need help will not be receiving it. Mr. Robinson’s proposal is just some much fluff from a party that has totally lost touch with the way the economy works.

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