The US Small Business Administration will continue its efforts to taint private business with the spooge of government money. ScaleUp WNC will now avail more funding to two groups: (1) those who prefer padding their bottom lines with government grants to all the hassle of fighting regulators in order to research, develop, and market something that can really sell; and (2) those unable to procure a conventional loan because government, in cooperation with predatory lending regulations, is crowding out traditional sources of startup capital.*
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*For clarification, I modified the phrase “lending regulations” with “predatory;” intending to insinuate the prey was the lending institutions themselves.
