Should Car Dealers Qualify for SBA Loans?
President Obama’s task force is looking into a solution to prevent the shuttering of tens of thousands of dealerships by making loans currently reserved for small businesses available to car dealers, making it easier for them to borrow money to get showroom vehicles. Read more… SBA help not getting through to businesses The parts of the federal government’s stimulus program aimed at small-business owners aren’t working as they should, say local owners and small-business experts who are trying to figure out what to do about the problem. Read more… Small-Business Agency Prodded to Spur Lending The chairman of the House Committee on Small Business yesterday urged the new head of the Small Business Administration to try to jump-start lending by using provisions in the economic stimulus bill that so far have sat idle. Read more… Small business lending drops 57% President Barack Obama warned recently that small business lending had declined so sharply that the Small Business Administra
