The House of Representatives will debate a bill next week increasing the ceiling on Small Business Administration loans from $2 million to $5 million. The bill, backed by President Obama, also would increase the maximum size of SBA-backed microloans from $35,000 to $50,000.On Wednesday, Obama unveiled a separate measure designed to stimulate small business growth in part by making capital cheaper for community banks.
“Small business is the engine of job creation and capital creation in our country,” Pelosi told reporters Thursday. “The issue of jobs is [always] important to us.”
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One Comment
My God Pelosi is ugly. That look is enough to scare the crap out of a pitbull.
Now, seriously, if they want to expand small business loans, take it out of the current stimulus package. No more new programs. Obama and company have created more debt in their first nine months in office than all other administrations combined. IT’s time to say NO MORE!!.