LA small businesses say help needed from D.C.

-A A +A
By Carol A. Clark

Local business people shared bottom-line concerns with U.S. Sen. Tom Udall during a Chamber Coffee event at Fuller Lodge Tuesday.
“More than anything, I just want to hear from everybody,” Udall said. “We’re very; very interested in the small business situation here. One of the things we want to do is get money into the hands of community banks.”
The banking and mortgage loan crisis that has plagued the nation for the last three years has led to stiffer regulations.
CEO Bill Enloe of Los Alamos National Bank told Udall that those regulations are making things difficult for community banks —  especially banks in rural communities.
“The new regulations were imposed in part to limit risks to banks, but the effect on community banks is that it makes it difficult to raise capital — if you’re shrinking capital ­ you’re shrinking loans,” Enloe said.
He also said new regulations limit concentrations of credit in any one industry or region. In the Southwest most banks are already over those limits. The net effect, he said, is for banks to stop giving loans.
“What’s the fix?” Udall asked.

If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

Special Offer

You have used all your free page views for the month however if you wish to create a FREE limited access account you will be able to view a additional 3 pages per month.

You can also purchase a subscription and have full access to the site. To purchase a subscription simply enter your zipcode below

ZIP Code:

Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday