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|Durbin, Giannoulias Meet With Small Business Owners in Galesburg
|Several local small business owners got an audience Friday with the Democratic candidate for President Obama's old Senate seat, and the man he'll be serving next to if elected.
Alexi Giannoulias and Senator Dick Durbin made a campaign stop in Galesburg at Vintages Tasting Room as part of a tour for Giannoulias' election bid hearing concerns small businesses have.
The business owners agreed with the two that getting credit to help start up businesses is a problem. Durbin says a bill to be voted on next week will help.
"This will take $30 billion, and make it available to local banks -- community banks -- not the big banks but the community banks, with the understanding that if they will loan it to small businesses, that the cost of the money is going to be reduced," Durbin said. "So it's an incentive for them to loan to small businesses. And then, of course, the money is being repaid to the bank to loan it out again."
Durbin says it was announced Friday that with a Republican signing on to the bill, there should be the 60 votes needed to pass it.
Giannoulias says he would also like to see the paperwork for those applying for Small Business Administration loans to have an easier time filling it out.
The campaign of his opponent, Congressman Mark Kirk, issued a statement indicating that he has the support of organizations like the national Chambers of Commerce and Caterpillar, not Giannoulias.
(Senator Dick Durbin and Senate candidate Alexi Giannoulias meet with small business owners Friday in Galesburg. WGIL News story and photo by Will Stevenson.)
|09 10 10 by Newsroom
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