Milton Flea Market Vendors Declined SBA Loans
Milton Flea Market Vendors Declined SBA Loans Save Email Print
Posted: 7:47 PM Oct 6, 2008
 Last Updated: 7:47 PM Oct 6, 2008
 Reporter: WSAZ News Staff
Email Address: news@wsaz.com
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MILTON, W.Va. (WSAZ) -- None of the vendors at the Milton Flea Market has been approved for disaster loans from the Small Business Administration.

Only six business owners filled out the loan applications, and the SBA already has declined half of them.

The state's largest flea market burned to the ground last month. The SBA came to Milton Town Hall to begin the application process for the low-interest disaster loans. There is no word from the agency on when the remaining three loan applications will be processed.
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Posted by: paul on Oct 8, 2008 at 03:15 PM
I had heard that some of the vendors had stolen items so they wont get a loan if you steal you are probably not going to work for a living.
Posted by: Maddi on Oct 8, 2008 at 03:13 PM
To Brian: I don't really care about democrats or republicans but if you have paid attention to the news when they were first trying to pass this 700 billion dollar bill it was the republicans who were against it. The democrats voted for it and so the republicans got mad cause they had no say in it. But when it came down to the time to vote for it the first time it was denied and it should have stayed that way. Yes i know some republicans wanted it but the majority of them didn't. And some democrats didn't want it. But no Bush had to keep pushing it and use the peoples tax money to pay for the mortgage companies. And to Heather. Your comments aren't needed it just show's how low class you are on picking on those people that are in more need of others. They are actually better because they aren't putting people down like you are. If you don't have nothing nice to say then don't say anything at all. Again i really hope everything works out for those who lost their items & jobs in the fire
Posted by: Anon on Oct 8, 2008 at 01:33 PM
To Heather: People like you and your asinine comments are the reason welfare is looked down upon. Even IF some of the people had government assistance, they still have every right to sell their crafts.
Posted by: To Heather on Oct 7, 2008 at 10:45 PM
Say what you want, your milking the system too, I saw you getting groceries with you FS card yesterday.. LOL
Posted by: Margaret on Oct 7, 2008 at 06:27 PM
I am in shock reading these comments. I had a very nice large store inside the Flea Market for over 8 years. I paid all of my taxes. I had several employees that lost their only job. We lost everything, over $100,000 dollars. We went to Milton for the SBA loan...it was 8% interest, that is not low interest...so we declined the offer. We are not on welfare or SS...we work 7 days a week and had alot of money invested in our business. Please don't judge everyone before you have really investigated what you are saying. Please be kind to all of us who did lose everything, we certainly did not ask for this fire. And yes, most people lost their only source of income, most vendors have been there over 10-15 years. To us it was a great lose. Just don't say anything negative until you really know the whole story, please!
Posted by: Kyle on Oct 7, 2008 at 05:38 PM
These Milton vendors will become like the Katrina "victims". We will be hearing this for years to come. Shut up, and move on!
Posted by: Voter on Oct 7, 2008 at 04:42 PM
The SBA has government regulations that they must follow. Unlike Fannie and Freddie, they must verify income, credit score etc. It's only going to get worse for anyone wanting a loan.
Posted by: Citizen on Oct 7, 2008 at 01:39 PM
I think the flea market is a great place to go but we have to be realistic..These vendors buy a lot of this stuff, just like we do at yard sales or auctions and pass it on to me and you.. I don't believe that this is a main source of living for any of them..and yes I am sure that most of them do not pay taxes on anything sold for cash.. Althought it was a sad thing to have happened to anyone..I don't think it's the governments place to bail them out..Come on people this is not a National Disaster.. I had 2 house fires lost everything I had I bounced back and so will the vendors..
Posted by: anon on Oct 7, 2008 at 12:40 PM
Could you run that by me again Cliff...
Posted by: Max on Oct 7, 2008 at 12:14 PM
Hey Joe, Why don't you get a real job and stop gripping about everyone else. Seems like you don't know what your trying to talk about!
Posted by: Jeannie on Oct 7, 2008 at 10:19 AM
You can't blame Democrats. I want to make sure everyone knows that the Republicans blocked extension of unemployment benefits the day after the $700 billion bailout was approved. I would much rather help my neighbor out by extending his UI by a few weeks and for a couple of hundred dollars to each recipient, than to reward those in Wall Street who took advantage of my neighbors and wiped out what little they had. How dare Brian blame Democrats! Brian must not be paying attention. Republicans are the party of Deregulation.
Posted by: Heather on Oct 7, 2008 at 09:43 AM
Say what you want, but im willing to bet that 95% of the people there do not have a business license and are on welfare. I love how people cheat the system then defend their actions!
Posted by: CJ on Oct 7, 2008 at 08:43 AM
Hey Brian, you want to blame the Democrat Congress? Well guess again. It was those House Republicans who felt like taking a stand in the bailout, remember? Well, they just proved to the world that with a little bit of good ole pork in their bellies, they will push through a financial package that will ease the pain on Wall Street. Truth is, I do not like the idea of bailing out those who do not know how to live within their means, but the facts are we have allowed this administration to spend money our country did not have, and this was done by a Republican Congress all the way up until last November, and even now the Dems do not have the majority required to allow passage of a bill. Hopefully that will change soon!
Posted by: Joe on Oct 7, 2008 at 08:01 AM
It also said "only six vendors applied."
Posted by: CJ on Oct 7, 2008 at 07:28 AM
I went to the Milton Flea Market not too long ago, and there were parts of it that were extremely nice. Many of the vendors took great pride in displaying crafts. All of that work took valuable time. The SBA offers what they call low interest loans, but the paper work is astronomical, and the savings is nil. Most people who are in business report their income because the tax deductions are incredible for business owners. No one is coming to the rescue here because these are little people, "small potatoes" for the US government, no one who can line their pockets with money, just poor working people trying to survive. For all of those who cannot understand what it is like to struggle to make ends meet, the trials of those who have children and cannot give them what others have, and the feeling of losing everything you have, you may soon get a good dose in understanding and gain new insight into what these people have been struggling with sooner than you think!
Posted by: Flea Market Vendor on Oct 7, 2008 at 07:13 AM
To the person that said its like saying that your yard sale has been robbed your wrong. This was a source of income for many familes and now they have nothing do to the fire! You should take that in to consideration. Im sure that if it was you that was in there place you would feel a little different! You should support these people for trying!
Posted by: Anonymous on Oct 7, 2008 at 06:47 AM
Heather your so far off base your not even in the field, try thinking before you speak
Posted by: Nina on Oct 7, 2008 at 04:43 AM
I am disappointed to see how as a vendor at the Milton flea Market I rank with the WSAZ viewers. For your information I have a business liscense , I pay income tax on my earnings, self employment tax, business tax, sales tax, and this is the only job I have ever had that I put in 60 hour a week making the products I sell. I didn't apply for the loan. I took the big lost. The SBA is only interested in helping people get in debt. I asked them six years ago when I went in business for information on questions about setting up a business and the only answers I got was what loans were available. I knew the help was a farse when it became available. Check your holding card the next time you want to run down a business that lost bunches. You don't know the first thing about it.
Posted by: Anonymous on Oct 7, 2008 at 04:00 AM
Heather you are wrong. It is a job. These people make their product Mon-Thurs and sale it Fri - Sunday. How is that not a job. This was a way for many people who made that 1.00 to much for assistance at Welfare to have some sort of additional income to help with the ridiculous cost of living these days. I have paid my electric and water bill many times from cash made at the flea markets so it is a job. Maybe they arent sitting behind a desk 8 hrs a day. Or flipping burgers 8 hrs a day but it is a job. They brought in the money to their families thats all that matters. Now they are trying to rebuild some havent even returned. I knew the SBA was a waste of time. Hell me and my husband had good credit and thought the Small Business Loan would be great to get his business started they declined us. Their low interest eventually becomes more anyways. BIG WASTE OF TIME!
Posted by: John on Oct 7, 2008 at 02:55 AM
most are on welfare and SSI and don't want to pay any taxes or show income
Posted by: cliff on Oct 7, 2008 at 01:47 AM
well the bailout on wallstreet we didnt need i guess they want to send them money not the people that deserves it remeber were the low class we get taxes to death and no help from the goverment.. thats the american way nowdays
Posted by: Maddi on Oct 7, 2008 at 01:39 AM
Bush can give 700 billion dollars to the mortgage companies who decided to give people loans that couldn't afford them. So now the tax payers have to fit the bill for it. But the SBA couldn't approve these people? For god sake most of them needed to sell stuff to make money to put food on the table, put clothes on their child's backs or whatever. It's such a shame that the SBA has no compassion for these people who lost thousands of dollars worth of items. It's also a shame how rich people or middle class people can get whatever they need when their stuff burns down but the poor people can't get crap they have to suffer. Shame on the people in Wva who work for the government that don't help people that are in need.
Posted by: Brian on Oct 7, 2008 at 12:02 AM
Imagine that, the Gov. can't help out small business people, but it can bail out wall street. Gotta love that Democrat congress.
Posted by: kevin on Oct 6, 2008 at 11:26 PM
Hey Joe, It seems as if you have never purchased anything from the Milton Flea Market. Everything in which I have purchased from there I have had to pay sales tax.
Posted by: K. on Oct 6, 2008 at 10:55 PM
Joe, it says that they haven't been approved (at least half of them) - not that they chose not to take them.
Posted by: Heather on Oct 6, 2008 at 10:23 PM
Probably because it's like complaining that you had your yard sale robbed...it's no job..
Posted by: Joe on Oct 6, 2008 at 10:14 PM
why not take the low interest loans? Is it because they would have to report income and pay taxes?
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