So after Golman Sachs has made headlines the last few years for all the wrong reasons, it seems that the investment giant will attempt to give back. As they should! I was waiting to see if any of these robber barons were going to give something back after taking billions in bailout money.
So now they say sorry for the financial mess, and now that they have paid the money back thanks to our screwy stock market, they are going to throw us a bone. So if you have a small business, get in line because the investment firm is ready to dole out about $200 million to help the little guy. Well....we shall see...
Well, I just came back from their website, looks like most of us don't make the cut with these bullshit criteria:
Selection criteria for owners of small- and medium-sized businesses will be based on criteria of comparable successful programs and tailored to the specific community in which the 10,000 Small Businesses program operates. Broad characteristics of business owners targeted include, but are not limited to:
• Business revenues between $150,000 and $4M in most recent fiscal year
• At least four full-time employees
• Business operations for at least two years
• Business model that could scale to create more jobs
• Predominantly in underserved markets
Are they serious? If your business makes $4 Million I think you are doing alot better than someone trying to run a child daycare, lawnservice, or even a struggling freelance writer. Sorry to get hopes up, but it sounds like the fat cats at Goldman Sachs consider our small businesses, too small to bother with.
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