Giovanni Coratolo, Vice President of Small Business Policy joined radio show host, Jim Blasingame, the “Small Business Advocate,” to talk about the future of small business lending.
Coratolo recently spoke at a Federal Reserve event in New York City on filling the gaps in small business lending. He explained how stringent federal banking regulations that limit small business lending have opened the door to new funding sources like Kickstarter. Both traditional lending sources and new lending platforms are driving each other to innovate. “It’s not about getting rid of risk. It’s pricing it appropriately," said Coratolo.
Coratolo also talked about the 10th annual America’s Small Business Summit, June 11-13 in Washington, D.C. AOL founder, Steve Chase, former Secretary of State Colin Powell, Susan O'Malley, the first female president of a professional sports franchise, are a few of the great speakers who will be there.
In addition, on Wednesday, Gov. Gary Herbert (R-UT) and Gov. Pat McCrory (R-NC) will talk with former Maine governor and current U.S. Chamber Foundation President John McKernan, Jr. about the latest edition of the foundation's Enterprising States report.
And on Thursday, the winner of the DREAM BIG Small Business of the Year Award, sponsored by Sam’s Club, will be announced.
It’s not too late. Register to attend the summit today.