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Our next guest says small business owners and franchises are heroes heroes why does he say they're heroes Jim Amos chairman and CEO tasty delight.
And planet smoothie joins us send -- -- why do you say small business people are heroes.
Well Greta I.
I think small business in general and certainly franchisees -- particular heroes because.
These are folks that put their entire life on the line and certainly.
Often all of their savings they're pursuing a dream.
With with every.
Bit of fiber and strength that they have.
They display tremendous courage.
And making payroll holes and overcoming obstacles.
And doing things frankly that.
That put the seed -- of our society together.
Is an example since 1984.
Every net job.
In America has come from small business.
And you know I think just listening to the previous gentlemen.
-- for three or four years now if you look back at 2009 as perhaps -- -- -- maximum uncertainty.
These businesses these people who have been creating jobs and revenue and tax dollars.
And pursuing her dreams at the same time.
Have been just trying to stay alive under -- greater burden of but the taxes and regulation and frankly some shrill rhetoric that's coming from.
The general direction of our administration.
You don't understand -- you know for the small businesses what is sort of the impact so that the national -- go up go ahead in a rough economic time.
And also having the influence of economic times overseas now what's -- direct result of administrative policies and the -- they -- the president can be held accountable for four.
For small businesses.
Well I think if you look at just the general concept of taxation we have the highest corporate tax in the world all on our business community.
Really an out of control.
Regulatory policy and take that piece in -- specifically for before franchising is an example.
In the last three perhaps four years.
Just about 50% of the financial transactions -- drive business format franchising have not taken place.
The organic growth of franchising has come from these people these business folks that we're talking about who brought 220%.
Of their savings to the table -- often financed about 80% out of the net worth in their home and today if any banks are lending and they are not.
They want forty are 50%.
Down on and there is.
No equity in anybody's home practically so.
If you're looking at the franchise -- -- who are attempting to scale and drive business in the United States.
That becomes extraordinarily difficult.
If you're looking at the franchise -- who just wants to pursue their dream it's almost impossible.
What about it turned out that the bank loans so do you do hold -- Obama administration accountable for the fact that the banks have -- -- -- land and they won't land.
Well -- give you just a little insight into that.
As part of the international franchise association some months ago in fact twice.
Over the last year or so we've held summits on small bank lending.
And we've had folks from the administration itself from the Small Business Administration.
And the banking community at large talks about all of the cash that's there and the fact that there's no demand.
But when the franchise doors and franchisees step up to speak they talk about the fact that they need the loans to come to them but ultimately they won't let.
The reality -- if you talk to the bankers themselves.
The regulatory policy has been such that they just won't allow them -- they downgrade the banks of -- making commercial or business loans today in this environment.
And these are the same people by the way the presided over the collapse the smartest people in the world are still the ones that are determining whether -- banks can make these loans today.
So I think there is not just the lending -- but there's an information gap and a philosophical gap somewhere.
That's preventing and -- kinds of loans to be real for these folks.
Jim thank you.
Absolutely thank you --