Secret Site Map
Friday, July 03, 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

Video: Terminix's 'Mosquitonado' Ad

In advance of the July 22 release of “Sharknado 3: Oh Hell No!” Terminix has released a trailer for an equally over-the-top parody, “Mosquitonado,” based on the world’s actual deadliest animal: mosquitoes.

Bed Bugs Discovered in UN Building

Staff at the United Nations' New York headquarters got a message informing them of the presence of bed bugs.

World's Largest Eradication to Save Birds Complete

The South Georgia Heritage Trust has concluded the baiting phase of its multi-year project to remove invasive rodents which have destroyed most of the native birds on one of the world’s most important seabird sanctuaries.

Rats 'Dream' Paths to a Brighter Future

When rats rest, their brains simulate journeys to a desired future such as a tasty treat, finds new University College London (UCL) research funded by the Wellcome Trust and Royal Society.

Arrow Exterminators Acquires Hallman Pest Control

Atlanta-based Arrow Exterminators announced the acquisition of Hallman Pest Control of Oneonta, Ala. This strategic location will provide Atlanta-based Arrow the opportunity to expand its footprint in the growing Alabama market.

x