SBA Expands Microloan Program
Posted by: Mark Marich
on
September 01, 2009
Source: Policy Dialogue on Entrepreneurship
The Small BusinessAdministration (SBA) has expanded its Microloan program as Recovery Act fundsare making their way into access to capital programs for small businesses. Theincreased funds -- an additional $50 million for loans and $24 million for technical assistance from the the American Recovery and Reinvestment Act -- allow for an expanded list of lenders and more SBA efforts toimprove consumer knowledge of the program.
Commenting on theexpansion of the program, Senate Committee on Small Business andEntrepreneurship Chair Senator Mary Landrieu, D-La, said: “With the expansion of theMicroloan program, small businesses and entrepreneurs will have greater accessto the capital they need to keep their businesses running effectively, and topurchase much-needed equipment and supplies.”
Category:
Capitol Hill
Tags:
sba,
microloan,
landrieu
