Posts tagged small-business

Obama tries again to revive small business loans (CNN Money)

As small business lending continues to dry up, the federal government is readying two new initiatives aimed at reversing the trend. To unveil them, President Obama traveled Wednesday to Maryland, where he visited a family-owned company that used a government-backed loan to fund a recent expansion.

Obama Said to Offer Banks Capital to Lend to Small Businesses (Bloomberg via Yahoo! News)

Oct. 21 (Bloomberg) — President Barack Obama is set to announce an additional round of capital injections into community banks that can make the case they’ll use the money for small business lending, according to people briefed on the matter.