Thu 8 Apr 2010
Small business lending stimulus package resulting in increased lending
Posted by Kenny Leonard under Banking, Small Business
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Kenny Leonard
The provisions in the American Recovery and Reinvestment Act, also known as the “stimulus bill,” that were signed into law in February 2009 has resulted in an increase of SBA lending by over 100% compared to volumes prior to the stimulus. The funds have run out three times now and each time Congress has extended the provisions for only a month or two. The volume of SBA loans submitted after the funds were exhausted dropped over 90% the following week.
Learn more about the affect of the stimulus bill clicking on the link: http://finance.yahoo.com/news/Governmentbacked-small-cnnm-4262871372.html?x=0&.v=2
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