According to the founder of Tennenbaum Capital Partners, small businesses generate around 2/3 of new jobs. At the same time, they get their loans from small banks. However, regulators have forced these small banks to have a low debt to capital ratio meaning less loans are made to small businesses.
“Sadly, this is like sand in the gears. For the next couple of years, I think the U.S. economy is going to be sluggish.”
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