Discuss critically the future of small business credit and its Essay

Discuss critically the future of small business credit and its regulation - Essay Example Its backed loan threshold was increased from a maximum of US $ 2 million to US $ 5 million in 2008 by President Obama to support the cause of small businesses. Small businesses have really suffered in their need to access loans especially during the recession that happened in America and that extensively affected the rest of the industrialized world between December 2007 and June 2008. This gravely interfered with the ability of small business to access credit since the recession was mainly caused by reckless lending by rogue banks mostly to the real estate industry. The loans were poorly assessed for risks involved and there were many cases of over-inflated asset prices that led to a speculative bubble which was marketed around the world. The bubble did burst and thus loan losses set in, leading to the recession. This paper explores the options left open to small businesses in a world in which credit has become decreasingly available and whether they still stand a chance of getting loans sustainably in the future. The paper also explores other channels of credit open outside the normal formal ones such as banks and government lending that may assist small businesses into the future. The viability of these alternatives is also closely examined. A small business can be defined as a privately owned and operated enterprise with relatively few employees1. According to the Small Business Investment Act of 1958, a small business in the United States consists of 500 or fewer employees. The number of employees is 50 or below in the European Union. Generally speaking, any business organization that is privately owned and has few or no branches with less than 500 workers is a small business2. Despite their small size and relatively small scale operations, the contribution of small business towards national economic development cannot be gainsaid. Small businesses provide 64% of all national employment3. This is a figure that

Compensation Coursework Example | Topics and Well Written Essays - 1750 words

Compensation - Coursework Example This discourse delves into analyzing these problems in addition, recommends solutions that the management needs take to sort out the problem. It is crucial for the management because the modern economic environment poses additional problems that would make the situation complex. Several questions concerning compensation of employees at the workplace generate complex answers. Among them, who handles employee compensation, what it entails, as well as why it is necessary for employers to carry it out (Mizell, 2010). This discourse delves into explaining the definition of employee compensation, its elements, ways through which institutions comprehend the needs of users, and reasons explaining the need for compensation. Mainly, the paper deals with ethical and legal issues pertaining to compensation a person while discharging his or her duties. The biggest question surrounds appropriate issues to consider while undertaking employee compensation. Is it legal and ethical for organizations to remunerate employees while they discharge their duties? What components should the institutions consider while setting standards of remuneration? What aspects of compensation are acceptable both ethically and legally? In the process, various theories assess whether the employe es have any privacy over what they earn at while at work. Many issues exist to support the privacy of employees terms while at work. However, opposing stands on organizations granting rights to employees are equally strong. The development of technology leads to the need to create new rules with the best example being the U.S postal system. The type of employer also carries the potential to determine the protection extended to employees. While legal issues relating to employee compensation come under extreme assessment, the same issue raises many ethical questions that the discourse will address in detail. To keep an efficient and safe work