Obama Plan Offers Incentives for Loans to Small Businesses

Posted in News

Getting a loan for a small business may become a little easier.

The Obama Administration is unveiling plans Monday to make lending to small businesses more attractive through two programs handled by the Small Business Administration (SBA). 

One allows small businesses to get loans of up to $2 million backed by the federal government through the SBA. The second program guarantees up to $4 million worth of economic development projects for small businesses.

Source:  CNNPolitics.com,  Obama Plan Would Boost Small Businesses Via Lender Incentives

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