Small businesses have been starving for business loans it seems like forever because our enemies the banks won’t take a risk of lending money to them. Banks are like fat slobs who slop all over cheaper than dirt loans their getting from the Federal Reserve bank, and they’re getting really rich and fatter by the day.

This week President Obama gladly put his signature on a bill to help small businesses and entrepreneurs get access to business loans. Yes we can again my fellow Americans.

Business loans should only go to the Brave

Here’s the reality on the street. CEOs and CFOs still have a ridiculous fear of the future, hiding out in their foxholes conserving cash. What will these scary cats do with the money anyway? Most of them are not real business men and women. They know very little about marketing and selling, and most of them lack the financial wherewithal to be discipline enough to practice good financial management.

In business, you’ve got to deal with uncertainty head on and create real value that people will pay for and you’ll have customers and partners beating a path to your door. This requires your creativity and hard work. Stop waiting for the Government to create an economy that’ll allow you to make money so you can just sit back and smoke a cigar while the money flows in. The go-go days are over.

You’ve got to be good at finance, marketing, sales, technology, and deliver your stellar products and services to your customers with a big smile on your face. You do these business functions well and know your customers and competition inside out, you’ll be less worried about uncertainty. Risk is the definition of being in business, so instead of worrying about it, do something about it.

Some business owners and entrepreneurs are hungry for business loans to help shore up cash flow and other needs because they have a strong vision and strategic plans for the future, but cash is not the cure for every entrepreneur’s business miseries.

Other cry baby CEOs are asking why would I want to take out a loan and go into more debt, or hire people I cannot afford. I advise you to just give up and go home with your tail between your legs. There’s no status quo in business. With that kind of attitude, your competition is going to kick your tail anyway and drive you right out of business.

Small businesses that have hung on tight for the last three years need to make crucial investments in things like equipment and training their employees, and they desperately need capital to do so.

What does this Obama bill do and why do we really need it?

The Small Business Jobs and Credit Act of 2010 creates a $30 billion slush fund to help community banks with less than $10 billion in assets make business loans to small businesses. You may not know if you watch Fox News, but Obama is cutting taxes for the little guy. This bill gives businesses $12 billion in stimulating tax breaks.

Now you can immediately write off your new equipment purchases and if you’re self-employed, you can write off your health-care expenses too. You’re helped in even more ways because it waives your SBA loan fees.

The good news here is if business owners and entrepreneurs get financing, they’ll be forced to provide quarterly reporting of their activities which will drive them to be more thorough in their business practices. This will bring more discipline back to how small businesses are run.

The other good news here is that Senate democrats expect this new bill will create as many as 700,000 new jobs. In case you didn’t know the magnitude of the lack of financing crisis, a study by the Joint Economic Committee found business loans to small companies fell by $60 billion between 2008 and early 2010. The National Federation of Independent Businesses (NFIB), reported that last year only 40 percent of small businesses wanting financing to grow their businesses got their hands on the capital they needed.

Then Independent Community Bankers of America Chairman Jim MacPhee, said community banks will be able to build on the new government funding with their own money, increasing the amounts available to small companies and giving entrepreneurs more ways to get credit. The money that “banks can receive through this legislation could be leveraged to provide as much as $300 billion of new business loans to small businesses.”

Download the Financing Strategies Report to get the inside scoop on how you can get access to this boiling hot $300 billion pot of business loans and other financing options.

When it absolutely, exactly has to be right.