Venture Capital

Obama to Announce Small-Business Stimulus
October 21, 2009, 5:35 am
From Robb Mandelbaum at You’re the Boss:

President Obama will visit a Maryland business on Wednesday afternoon
to announce initiatives to encourage lending to small businesses.
According to an administration official, the proposal will increase
the caps for existing Small Business Administration loans and give
smaller banks better access to funds from the Troubled Assets Relief
Program.

An industry official involved in S.B.A. lending said the White House
would propose raising the cap on the agency’s flagship 7(a) loan to $5
million from $2 million.

ACTUAL ANNAUNCEMENT:

"President Obama Announces New Efforts to Improve Access to Credit for
Small Businesses
Improving access to credit by small businesses is a crucial step in
supporting economic recovery and job creation. Since the financial
crisis began, small businesses have faced a perfect storm: the pulling
back of lending by banks, deterioration in the value of real estate
that they often rely on for collateral and weakened sales. The Obama
Administration is committed to using all of our available tools to
help small businesses access capital, create jobs and support a
durable economic recovery.
The Administration has already taken several important steps to get
credit flowing again to small businesses and to encourage job growth.

A OTO OGLOSZENIE Z BIALEGO DOMU:

" The American Recovery & Reinvestment Act (ARRA) temporarily raised
the guarantee on Small Business Administration (SBA) 7(a) loans and
eliminated upfront borrowing fees on 7(a) and 504 loans;
 Under the Financial Stability Plan, the Administration has – in
addition to its other steps to stabilize the financial system –
introduced efforts to unfreeze the secondary markets that have
traditionally supported nearly half of all SBA lending. Treasury has
also introduced new rules to require the largest recipients of TARP
funds to report their small business lending monthly and, for the
first time, require all banks to report small business lending every
quarter;
 ARRA cut taxes for small businesses, including allowing them to
immediately deduct up to $250,000 of investment, carry back losses for
five years, and exclude 75% of capital gains from small business
investment from taxes.
These efforts have helped produce results. Compared to the depths of
the recession, average weekly SBA loan volume is up over 70% and SBA
secondary markets have returned closer to historical levels. In total
SBA funding has supported nearly $13 billion of lending since ARRA was
enacted on February 17, 2009.
But there is still a long way to go. That is why the President is
announcing new measures today as part of an ongoing effort to help
small businesses access credit and create jobs."

A JAK ( DOTYCZCY NAJBARDZIEJ SWUPANSTWOWCOW, KTORYCH MAMY WIELU):
do grudnia wykupowanie prywatnych dlugow ma yteraz dotyczyc malego
bisnesu - jedna hypokryzja padla tu;
PO GRUDNIU MA SIE WYPUSCIC NA PARE:)) prosze nie sluchac czy sie
zapatrywac - w gridniu juz salony zwroca dosc aby pozyczyc dolar za
dolar. A RYNECZEK JUZ JEST I W FILADELFII I W WIELKICH MIASTACH NJ.
Nie jest ti samotnie, choc Fili potrzebuje nowych twarzy i nowych sil

Ideologiczna praca polega na pokazywaniu jak pracowac na
"emigracji" ( podczas gdy Obama wcoiaz nie jada w ethicznych
'Zagatach'). Mam duzo wiecej do powiedzenia.