NC Small Business Blames Govt Shutdown For Failure To Get Loan

This story unintentionally makes the points that the federal government is way too big, is too involved with our lives, and has assumed way too many roles

NC small business says they can’t expand because of partial government shutdown >>> https://t.co/nAmepkImAp pic.twitter.com/7yhv9yNGXk

— CBS 17 (@WNCN) January 11, 2019

From the link, which is a reprint from a sister site out of Charlotte

The government shutdown entered its 21st day on Friday, and local small businesses are starting to feel the impacts.

“What they are doing is stalling my business. One of the most important things in my life is to run this business,” said Brooks Troxler, the President and Owner of Trox Tech Inc.

Troxler owns the tech company that is currently based in Matthews and he employs seven people. (snip)

Troxler was set to start 2019 with moving into a brand new, larger, street front business in Charlotte. However, he needs a loan from the Small Business Administration to make that happen. The SBA is a federal agency that provides loans at low interest rates for small businesses.

“This is something a small business desperately needs. Not a lot of places give out loans to small businesses because they are uncertain,” said Troxler. “There are not many more options out there to get this type of loan.”

There are these things called “banks.” They provide loans. But, if we’re reading into this, it appears as if the business itself is shaky, so banks might not loan the money. So, the taxpayers are supposed to back a shaky loan? Of course, since the reporter failed to do the job and ask a simple question “why didn’t you go to a bank?” we are left to speculate.

But, then, the purpose here is to try and softly throw blame towards Trump as well as saying how super awesome government is and how we totally need them.

The hope was to be in the new property and the ability to hire four additional employees immediately.

“When we stop growing, we stop adding more employees. Right now, I cannot hire anymore employees because I do not have the space to do it,” said Troxler.

How about going and renting a property? Troxler is looking for a $550,000 loan from the SBA. Certainly, the bank would loan less to move into an existing building, right?