Obama acts to boost small-business lending

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

Hot Dish Advertising
SPONSORED CONTENT
Hot Dish Advertising
SPONSORED CONTENT
Hot Dish Advertising
SPONSORED CONTENT

Recommended Reading:

Dine Brands Global, Inc.
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

McAlister's Deli
ADVERTISE SPONSORED CONTENT
Franchise Leadership & Development Conference
Conferences
InterContinental, Atlanta
OCT 7-9TH, 2025

At ChoiceLocal our mission is to help others. We help franchise systems drive growth. Whether you need to acquire new franchisees, increase consumer...
Marvia is a leading provider of Franchise Marketing software, designed to empower central marketing teams and their partners. It offers a...

Share This Page

Subscribe to our Newsletters