In my small Wisconsin town I know of two small businesses, a bakery and one manufacturer who applied for loans of less than 50K (don't know the exact dollar amount) and were shot down despite the fact they met the criteria for these loans. The bakery, in business since 1957 has announced that they are now closing down as they cannot afford to keep the doors open and the manufacturer has said they are likely to close as well.
It is just sad that places like C/U and the Lakers can get this money but the people who need it have no chance and it is causing them to close their doors and putting people out of work. And worse than that, these closures are eroding the basic American small town where the mom and pop places no longer can compete with the bigger kids on the block. You wouldnt think the closure of a bakery would stir up so much passion in a town but this news has hit many of us hard.
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