Secret Site Map
Monday, March 02, 2015

Home News Obama Sends Congress Small Business Lending Bill

Obama Sends Congress Small Business Lending Bill

Business

The Obama administration has sent Congress a proposal to create a $30 billion support porgram to unfreeze credit for the nation's small businesses.

| May 7, 2010

WASHINGTON — The Obama administration has sent Congress a proposal to create a $30 billion support porgram to unfreeze credit for the nation's small businesses.

The $30 billion fund would provide support to small and medium-sized banks with assets under $10 billion to encourage them to increase lending to small businesses.

Obama outlined the effort in his State of the Union address in January. Initially the administration planned to obtain the resources by tapping left-over funds in the financial bailout program. Officials said Friday that the new effort has no links to the unpopular Troubled Assets Relief Program.

In remarks to reporters at the White House, Obama says that the program had been expanded to include a new state small business credit that would support efforts by state governments to provide loans to small businesses.

Click here to read the entire article.

Source: Associated Press


 

Top news

Protect-A-Bed Releases New Bed Bug Testing Kit

The new LightsOut Lab-In-A-Bag Efficacy Kit is now available to assist the pest management industry.

Legislative Day Preview: New Congress, New Opportunities

Attendees of Legislative Day 2015, scheduled for March 15-17 in Washington D.C., will be greeted by many new faces in Congress, a development that could be positive for the pest control industry.

Webinar: Fire Ant Management Using Baits

The next webinar in the “All Bugs Good and Bad 2015 Series” is titled “Fire Ant Management Using Baits” and takes place March 6, 2015 at 1 p.m. (CST).

More 2014 Angie’s List Award Winners Announced

Angie’s List recently announced the following companies as 2014 Super Service Award winners: Arizona Pest Control, Tucson, Ariz.; Braman Termite and Pest Elimination; Inspect-All, Conyers, Ga.; and Gannon Pest Control, Solvay, N.Y.

Ecolab Releases 2014 Q4 Results

The company said its fourth-quarter earnings rose 17%. Ecolab CEO Doug Baker said the company’s U.S. pest business “has been steadily improving” due to a number of investments in that business starting two years ago.

x