Bailout Money Heading To Small Businesses

Bailout Money Heading To Small Businesses - http://blogs.wsj.com Avatar Posted by TimJustus under Raising Capital
From http://blogs.wsj.com 3974 days ago
Made Hot by: on December 6, 2008 3:34 pm
Small businesses finally are getting their own little piece of the federal government's ballooning bailout package.

U.S. officials announced the federal government as part of a broader package will lend up to $200 billion to institutions that originate consumer loans and business loans backed by the Small Business Administration. The rationale, Secretary Paulson said in a news conference, is it will create liquidity, spurring banks to lend again to consumers and businesses. Some hope it could especially help banks that specialize in offering SBA-backed loans, since such lending has dried up in recent weeks.





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Share your small business tips with the community!
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Share your small business tips with the community!