Relief for Small Businesses?
On Friday President Obama urged Congress to expand two lending programs for owners of small businesses. Since small businesses employ the majority of the population as well as creators of new jobs in struggling economies, it only makes sense.
Some specifics are increases on the cap on Small Business Administration Express Loans from the current maximum of 350k to 1 million. That should help. There is also talk of eligibility, and what it will take to pass. Check out the article here.
