Obama acts to boost small-business lending

Reporting from Washington -- Working to restart the economy's engine of job creation, President Obama announced Monday that the Treasury Department would invest as much as $15 billion to boost lending to credit-hungry small businesses.

Small businesses historically have created about 70% of the economy's new jobs, but the credit crunch has sharply reduced the volume of lending to small businesses.

"Today, too many entrepreneurs can't access the capital to start, operate or grow their business. Too many dreams are being deferred or denied by a form letter canceling a line of credit," Obama said after meeting at the White House with small-business owners and community bankers.

Published: March 18th, 2009

Share this Feature

Recommended Reading:

Comments:

comments powered by Disqus
Firehouse Subs
SPONSORED CONTENT

FRANCHISE TOPICS

Premium Services

Clayton Kendall Business Opportunity

Clayton Kendall
Clayton Kendall provides franchise communities nationwide with...

Xpressdocs Business Opportunity

Xpressdocs
Xpressdocs' proprietary marketing platform houses a diverse mix of...

Franchise Consumer Marketing Conference Business Opportunity

Franchise Consumer Marketing Conference
June 19-21, 2018. Intercontinental Hotel, Atlanta (Buckhead), GA. An...

Franchise Leadership & Development Conference Business Opportunity

Franchise Leadership & Development Conference
Oct. 9-11, 2018 Intercontinental, Atlanta, GA. Over 350 franchise...

Michael H. Seid & Associates Business Opportunity

Michael H. Seid & Associates
MSA provides domestic and international franchise advisory services to...

LMap Business Opportunity

LMap
Silvercrest Advertising's innovative Localized Media Automation Platform...

919 Marketing Business Opportunity

919 Marketing
919 Marketing Co. is a national content marketing, PR and social media...

Tango Business Opportunity

Tango
Tango unites predictive analytics, GIS and store development into a single...


Franchise Update Magazine

A targeted, quarterly magazine that takes CEO's, VPs and Sales Executives to the cutting edge of franchise development.


Share This Page

Subscribe to Franchise Update Sales Report

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.