Dear President Obama

I am so glad to hear that you are pushing banks to make more loans to small businesses: Obama Presses Banks

Unfortunately you must be doing it in alphabetical order.  You see, we have a regional bank out here, Umpqua Bank, that apparently hasn’t gotten your message.  My small business is planning to expand and I’ve been trying to get a loan from them for the last 5 MONTHS.

To be clear, they have never said “no” to our application, but there sure doesn’t seem to be in any eagerness on their part to help make this loan happen.  Whatever you can do to encourage them would be greatly appreciated.  Like you said in your radio address, “Now it’s time for our banks to stand by credit-worthy small businesses, and make the loans they need to open their doors, grow their operations, and create new jobs”.

I’m not a banker, but I am assuming my business would qualify as being “credit-worthy”.  My family has been successful in the Napa business community for almost 100 years.  We currently do all of our banking with Umpqua, and they service our existing business loan.  We’ve never had a late payment on that loan in the 11 years that we’ve had it, and we almost always pay more than the amount that’s due.  Despite the current state of the economy, our profits for 2009 are slightly higher than they were a year ago.  I’m not quite sure what else we need to do.

HealthQuest Fitness Center would like to give the economy a boost.  We would hire a local contractor to do our expansion.   Our expanded facility would create permanent new jobs.  But if our small business is to be one of those at the forefront of this recovery, we’re going to need a bank that hears your message.   Can I give you their number?

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Filed under Construction, Rants & Raves

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