NEW YORK (TheStreet) --Marcus Lemonis, the star of the CNBC reality TV series "The Profit," believes the U.S. presidential election's impact on small business will not be as important as people think.
"What's really going to get affected, what's going to change?" Lemonis asked during Tuesday afternoon's "Power Lunch" on CNBC. "What is a small business owner prevented from doing today that they're going to have the ability to do tomorrow?"
The issue regarding small business is not addressable by the outcome of tonight's election, he noted.
"At the end of the day I think the small business owner really needs to get support from the SBA (Small Business Administration), and they need to get support from the banking institutions," Lemonis argued.
The elected candidate this evening will have little to no influence on how the SBA chooses to loan money, he added.
"Small businesses have struggled for years. It's a fundamental problem. It's a resource, education, and training problem, it's not a strong economy, weak economy problem," Lemonis explained.
Regarding the potential repeal of Obamacare and its influence on small business, Lemonis believes it could hinder employers.
"I think it would be very hard if that gets repealed, for an employer to say to an employee who has it, you're going to lose that, what they would lose is an employee," he said.