Jim Helsel tells congress about lack of available credit

Cape Coral Realtor Rick Swift Century 21 Birchwood Realty  "Where your new home begins http://www.rickswift.com/   http://www.rickswift.listingbook.com/ 

 "WASHINGTON – Aug. 2, 2010 – Testifying last week before a U.S. House panel, Jim Helsel, treasurer of the National Association of Realtors and commercial real estate specialist, told members that a strong commercial real estate sector is vital to millions of U.S. jobs and helps keep the national economy afloat.
“As the leading advocate for private property rights, NAR believes it is critical for Congress to act soon and to get capital flowing to small businesses and to the commercial real estate market,” Helsel told the House Committee on Financial Services.
“Lack of available credit remains a significant challenge for our industry right now,” Helsel said. He commended the panel for passage in June of H.R. 5297, “The Small Business Lending Fund Act of 2010,” which ensures community banks have both the incentive and capacity to increase total loans to small businesses. Raising the SBA loan limits and allowing SBA 504 loans to be used to refinance performing property can help ease the liquidity crisis in the commercial sector, he said  read more http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=244235&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+floridarealtors+%28Florida+Realtors%29