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Big Banks, Government Fraud & SBA Scandal - Lloyd Chapman #6258
The discussion focused on the challenges facing small businesses in the U.S. and the role of the Small Business Administration (SBA) in supporting them. Kerry Lutz and Lloyd Chapman highlighted the SBA's historically low budget of approximately $800 million, which they argue is insufficient given that small businesses account for 99.9% of all firms and create 98% of net new jobs. They expressed skepticism about the government's allocation of funds, particularly regarding the Paycheck Protection Program, which they believe favored larger businesses. The conversation also addressed broader…
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