TITLE

Recovery Act Gives SBA Tools to Boost Small Businesses

AUTHOR(S)
Despain, Stevem
PUB. DATE
May 2009
SOURCE
Wyoming Business Report;May2009, Vol. 10 Issue 2, pWEDA-2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers information on the American Recovery and Reinvestment Act that would boost small businesses in the U.S. The Act provides the Small Business Association (SBA) with 375 million U.S. dollars to temporarily eliminate loan fees and raise guarantee limits on most types of 7(a) loans. The Act authorizes the SBA to use its 504 program in a variety of ways including the refinancing of existing loans for fixed assets in a business expansion project. The staff of SBA is working hard for the implementation of the Act's programs.
ACCESSION #
45705547

 

Related Articles

  • New interest-free loans can help small businesses pay down debts.  // Hudson Valley Business Journal;6/22/2009, Vol. 19 Issue 24, p26 

    The article reports on the implications of the "America's Recovery Capital" (ARC) program by the American Recovery and Reinvestment Act. It states that ARC allows small firms to pay their business debts through taking out loans of $35,000. According to Congressman John Hall, the ARC program...

  • The 2009 Economic Stimulus Package: What It Means for Your Small Business from the National Gay & Lesbian Chamber of Commerce.  // Outlook Weekly;3/25/2009, Vol. 13 Issue 38, p13 

    The article discusses the implications of the 2009 economic stimulus package for small businesses in the U.S. The stimulus package provides $730 million to the Small Business Administration (SBA). The fund includes $375 million for temporary fee reductions, $255 million for a new loan program to...

  • New Recovery Act Programs Give SBA More Options To Help Small Business. Denison, Terri L. // Georgia Trend;Jun2009 Supplement, p18 

    The article discusses the changes to the U.S. Small Business Administration (SBA) programs as enacted by the American Recovery and Investment Act (ARRA) in February 2009. It states that the ARRA has increased maximum guarantees to address capital funding problems of small businesses. It adds...

  • A big jolt for small biz? Schnitzler, Peter // Indianapolis Business Journal;2/22/2010, Vol. 30 Issue 52, p3 

    The article reports on the economic stimulus package of U.S. President Barack Obama which aims at increasing the availability of small business loans. It is noted that Obama will be moving 30 billion dollars from the Troubled Asset Relief Program (TARP) over to community banks. Furthermore, it...

  • Take a number and wait. Daly, Pete // Grand Rapids Business Journal;6/7/2010, Vol. 28 Issue 23, p5 

    This article reports that borrowers seeking for the American Recovery and Reinvestment Act's (ARRA) subsidy for Small Business Administration (SBA) loans have been put in a queue until the U.S. Congress approved more ARRA funds for the program.

  • DOE FUNDS SMALL BUSINESSES.  // Appliance Design;Sep2010, Vol. 58 Issue 9, p9 

    The article reports on the announcement by U.S. Department of Energy (DOE) Secretary Steven Chu that funding from the Recovery Act and fiscal year 2010 budget appropriations bill will be made available to certain small businesses to support the commercialization of promising new technologies.

  • TAKE ANOTHER LOOK: THE SBA 504 LOAN. G. M. // Entrepreneur;Oct2010, Vol. 38 Issue 10, p116 

    The article focuses on the U.S. Small Business Administration's 504 Certification Development Company loan program which was modified under the American Recovery and Reinvestment Act of 2009.

  • A targeted market for newest SBA loans. FITZGERALD, BETH // njbiz;5/4/2009, Vol. 22 Issue 18, p12 

    The article reports on the increase in demand for U.S. Small Business Administration (SBA) short-term loans. The $35,000 maximum amount of SBA loans are said to be not enough for small companies but are helpful in providing survival cash amid the credit crunch and recession. The $787 billion...

  • What federal stimulus means for small businesses. RUTH, JOÃO-PIERRE S. // njbiz;4/20/2009, Vol. 22 Issue 16, p21 

    The article discusses the advantages of the Economic Recovery Act for small businesses in New Jersey. According to Jim Kocsi, New Jersey district director for the Small Business Administration (SBA), efforts are being made to provide federal guarantees to banks that make SBA loans. Under the...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics