ABUSE OF SMALL BUSINESS LOANS? YOU BET!

For the first time, we quantify the Small Business Administration (SBA) Loans Serving Wealthy Lifestyles.

AMONG OUR FINDINGS:

• $67.23 billion in Federal Transfer™ SBA loans and loan guarantees flowed to 34,677 entities with a minimum amount of $1 million (FY2007-2013).

• Amid the $1 million SBA Wealthy Lifestyle loan recipients are:
  –           members-only country clubs
  –           high-end private clubs
  –           wineries- including those in Napa Valley & Sonoma
  –           lodges and resorts in Jackson Hole, Cape Cod, etc.
  –           millions of dollars to high-end pet resorts
  –           exclusive Rolex and other up-scale, affluent jewelers
  –           Lamborghini and other luxury auto dealers
  –           aesthetic enhancement and plastic surgery clinics
  –           helicopter tour companies, BMW motorcycle dealers
  –           injury lawyers; artistic dental firms
  –           venture capital, & private investment pools
  –           specialty entities including golf courses, marinas
  & much, much more!
• 101% increase in $1+ million SBA loans and loan guarantees during the last three years of the Obama Administration (2011-2013).

EXAMPLES FROM OUR REPORT:

A.     The Top 48 Private Clubs received $110 million in SBA loans and guarantees: 1. Horseshoe Bend Country Club, Marietta, GA ($5.0 million); 2. Crystal Falls Golf Club, Dawsonville, GA ($4.28 million); 3. Olympic Athletic Club, Seattle, WA ($4.807 million); 4. Stafford Hills Club, Tualatin, OR ($4.286 million); 5. West Hills Country Club, Middletown, NY ($4.248 million).

B.      Nearly $60 million flowed into exclusive Rolex jewelers and other high-end luxury jewelersacross Americaincluding M.K. Diamonds & Jewelry, Beverly Hills, CA ($3.894 million) and Bentrani Watches, Miami, FL ($5.0 million).

C.      $75.946 million flowed to 49 high-end, luxury pet resorts including Wagmore Pet Resort, Boerne, TX ($3.855 million)- a state-of-the-art” pet resort and Animal House Pet Hotel, Atlanta, GA ($2.0 million).

D.     $17.674 Million flowed to 14 high-end limousine companies including Diva Limousine, Burbank, CA ($2.097 million)-chauffeuring Hollywood stars and starlets.

E.      $250 Million flowed to subdivisions of Fortune 100 companies to fund national rollouts of their distribution networks. Walmart ($13 million), Chevron/Texaco ($109.534 million), Ford Motor Co ($67.612 million), General Motors ($22.079 million), Sears ($9.235 million)

F.      $9.219 Billion flowed into venture capital, capital partner firms, mezzanine finance firms, private investor funds and pools including Hercules Technology, Palo Alto, CA ($298.8 Million); BB&T Capital, Winston Salem, NC ($278.755 Million); 3. Gemini Investors, Wellesley Hills, MA ($233.56 Million); 4. Fifth Street Mzzanine Partner, White Plains, NY ($225 Million); 5. Capitalsouth Partners, Charlotte, NC ($188.50 Million)
Read our Federal Transfer Report- SBA Loans Serving Wealthy Lifestyles, click here.

Are there Million Dollar SBA Loans In Your Hometown?  Click here to slice, dice and display the list of 35,000 loans by state, town, recipient, or sort by amount at OpenTheBooks.com.

Take action:  1. read our report; 2. forward this email to your networks; 3. Like and Share The Washington Times- Kelly Riddle column on Facebook and Twitter.

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Adam Andrzejewski