the American Composites Manufacturers Association (ACMA) President Monty Felix has led ACMA’s advocacy efforts to open up access to credit for small businesses. “Companies need credit to get them through the next 12 to 24 months. Allowing the SBA to create a new program to make emergency loans could save a lot of small businesses that are hanging on by a thread,” Felix stated.
Felix have met with Commerce Secretary Locke and is also scheduled to meet with Small Business Administrator Karen Mills this week to deliver the same message. In addition, he is scheduled to participate in an upcoming roundtable discussion with Mills and Treasury Secretary Tim Geithner on this subject.
ACMA Chief Staff Executive Tom Dobbins recently raised the importance of this issue with House Republican Leader John Boehner (OH) and Republican Conference Chair, Mike Pence (IN). The Obama Administration in response to advocacy from ACMA and other associations has already taken several steps to open lending to small businesses. “We appreciate the actions the President has announced, but much more must be done in order for ACMA members to feel the impact. I encourage all my colleagues to contact their Member of Congress to ask for immediate action on this important issue,” says Dobbins.