Tuesday, April 03, 2007
Senator Jim DeMint Killed Our SBA Loan
Louisiana Senator Mary Landrieu, representing many people such as Therese and I who lost our SBA loans when we received Road Home funds, filed legislation so that we could keep the low interest loan as well. Her bill is supported by Republican Senators David Vitter and Trent Lott. We honestly needed the loan on top of Road Home funds and insurance money in order to rebuild. When they cut us our Road Home money, the SBA cancelled our loan for $110,000. Thursday an anonymous senator objected and effectively shelved this bill until at least April 10 when the Senate returns from a break. Today in the T-P, I read that the anonymous senator is not so anonymous anymore. It was South Carolina Republican Jim DeMint. He argues it violates the budget that the senate just passed. Landrieu argues that because the loans will have to be paid back, it won't cost tax payers a dime. I believe that there is momentum for Landrieu's bill and it will pass, and we'll get our loan back. Someday, and it may still be a couple of years away, we'll be back inside our house for good and not living temporarily, as we've done for 19 months.