Scientific opinion polling found small business owners think predatory lending practices are a problem, and they overwhelmingly support stronger regulations on alternative lenders to ensure they have safe, responsible access to capital.
Rhetoric blaming government regulations for a lack of small business growth and our stagnant economy has reached a fever pitch. Legislators have introduced bills aimed at curbing regulations, believing this would stimulate our sluggish economy. While lawmakers are right to view small business as the key to economic recovery, small businesses don’t see regulations as their No. 1 concern. Instead, the vast majority of small business owners believe weak demand is the primary problem for their business right now, not regulations.
National opinion polling shows small business owners believe government can play an important role in creating financial incentives that help small businesses take energy efficiency measures. As the drivers of the economy, small businesses want lawmakers to do what they were sent to Washington to do, including holding an up or down vote on nominees to lead government agencies such as the Environmental Protection Agency.
Small businesses are working hard to move their companies, and our economy, beyond the recession. As much as they’ve already accomplished to lift employment levels, these entrepreneurs are not immune to the lingering effects of our disrupted financial market, and they want smart steps taken to address their needs. Contrary to the mantra that slackening Wall Street’s reins will bring economic growth, four out of five small business owners believe Wall Street should be held accountable for the practices that caused the financial crisis, through tougher rules and enforcement.