Obama 30 billion small business lending plan set to help owners and banks

Posted by rwagner under News
From http://www.sbaloans-123.com 5395 days ago

The Independent Community Bankers of America are backing the Obama small business lending plan. Obama will take funds from TARP and give it to community banks for the purpose of lending to small local businesses.

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Written by ShawnHessinger
5395 days ago

Also of interest in this post are the comments from small business owner Ron Sturgeon who has some things to say about the degree to which promised funding has helped small business thus far. Simply, it hasn't. It's hard to understand how, given the current economy, any loan terms dictated by government regulators would be helpful to most small businesses even if they got one or how banks can remain a viable part of the economy if they don't plan to loan money to the private sector.

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Written by rwagner
5395 days ago

Very good point Shawn. If the banks must start lending soon. Ron Sturgeon has valid points. The lending standards are to stringent and need to loosen up ASAP.

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