Small Business Growth Act of 2009
Altamonte Springs, Fla. (PRWEB) March 25, 2009
Chris Hurn, CEO of Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Association (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, recently appeared on Fox Business News Channel. Chris was asked to discuss small business and entrepreneurship, as well as his reaction to President Obama's recently announced plan to help generate small business growth.
Chris Hurn was named to America's PremierExperts™ and has garnered attention due to his company, Mercantile Commercial Capital, being one of the nation's leading SBA 504 loan providers, as well as his commentary on the state of the economy for small businesses on his popular blog, http://www.504blog.com. Hurn recently proposed a "Small Business Growth Act of 2009" to jumpstart our economy into the future, which consists of seven solutions for growing small businesses, and in turn, growing the economy as a whole. The first three suggestions involve tax cuts or credits, while the other four address changes needed to current SBA Loan programs.
On the Fox News segment, and on his blog, one of the steps that Hurn suggests is a payroll tax holiday for the remainder of this year. This, Hurn explains, would cause an almost immediate economic stimulus for both business and workers alike.
"A payroll tax holiday would keep money in workers' pockets and owners' pockets. This equates to about 16% of compensation saved and immediately gives both parties more money to spend or invest," Hurn said.
"We also need to waive capital gains taxes permanently for those investors that make equity investments into start-up firms or successful small firms (those with revenues currently less than $100 million) in calendar year 2009. The reason for only limiting it to 2009 investments is that we need private-sector investments NOW, not in 2010 - plenty of cash already sits on the sidelines, but it needs to be put back to work and in the right areas where it will do the most good. Enacting this gives investors, who have lost hope in Wall Street and Big Business investments (where they have virtually zero control), the incentive to put their dollars to work in places where they may have a far greater influence," Hurn continued.
The Fox Business News segment with Chris can be found at http://www.504experts.com/blog/i-was-on-fox-news.php
About Mercantile Commercial Capital:
Recently named to the Inc. 500 list of America's Fastest Growing Companies, Mercantile Commercial Capital has been called the "Fastest Growing Commercial Lender in America," the "most unique and entrepreneurial bankers around," and the "fun bankers." From its start in 2003, MCC has focused on providing SBA 504 loans for small business owners to acquire or enhance their own facilities. The company was named "Best Place to Work" by the Orlando Business Journal in 2005, 2006 and 2007.
Additional information on MCC and its loan offerings is available at http://www.TheSmartChoiceLoan.com
About America's PremierExperts™ LLC:
America's PremierExperts™ is an organization that recognizes celebrity experts in their field of business and offers business owners, entrepreneurs, professional speakers, authors, professionals and corporate CEOs exclusive, invitation-only, opportunities for further exposure and growth in the marketplace. JW Dicks, Esq. and Nick Nanton, Esq., attorneys by trade and entrepreneurs by choice, founded America's PremierExperts™ and The Ultimate Celebrity Branding Experience™ to honor entrepreneurs, CEOs, authors, professional speakers and business people who are dedicated to spreading knowledge and awareness in their field of expertise and making significant contributions to their industry and the marketplace as a whole. For more information about America's PremierExperts™ LLC visit http://www.AmericasPremierExperts.com.