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Wednesday, December 9th, 2009

Stimulus package for small business?

October 30, 2008 by ShannonCherry  
Filed under Business

Stimulus package for small business?

We have help for banks now. Why not help for small businesses and startups?
The senior senator of NY, Charles Schumer, has proposed a $700 million small-business stimulus plan.
The proposed program would help businesses in several ways including:

waive bank service fees on loans
give the Small Business Administration (SBA) more money for staff and loans
 raise the limits on SBA and let the SBA offer loans for refinancing.

According to the Senator, the program would allow the SBA to help with up to $25 billion in “affordable” loans and generate about 700,000 jobs nationwide. The SBA doesn’t make loans but guarantees payment to a …read more


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