Small Business Committees, Advocates Hesitant to Back Obama’s Restructuring Proposal
By J.D. Harrison, Washington Post
Lawmakers and small business… Read more »
US Small Business Lending Program Disburses $4B
By Jeffrey Sparshott and Jeff Bater, Dow Jones
The Obama administration on Wednesday announced a final round of funding under a program to spur loans to small businesses, though total disbursements have left billions of dollars untapped, and many banks have been left wondering why they didn't… Read more »
Chairman Sam Graves Discusses Small Business Uncertainty on MSNBC's "Your Business"
"There is so much apprehension out there, in terms of small business"
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On Sunday, Rep. Sam Graves (R-MO), Chairman of the Small Business Committee, appeared on MSNBC’s "Your Business" show to… Read more »
“…78 percent of small businesses believe that taxation, regulation and legislation from Washington make it harder for businesses to hire more employees — and 74 percent blame the recent health care reforms passed by the Obama administration for creating an impediment to job creation.”
… Read more »
“…78 percent of small businesses believe that taxation, regulation and legislation from Washington make it harder for businesses to hire more employees — and 74 percent blame the recent health care reforms passed by the Obama administration for creating an impediment to job creation.”
… Read more »
By Robin Harding; Financial Times
Bank loan officers say that demand for loans from small US companies fell in the past three months, casting doubt on how much the Federal Reserve can stimulate the economy.
Twenty-nine per cent of banks said that demand for loans from companies with sales below $50m had fallen, compared with only 7.1 per cent of banks that reported a rise, according… Read more »
By John Maggs; Politico
Is there really a small-business credit crunch?
To hear President Barack Obama tell it, one of the most lasting effects of the financial crisis is the trouble that small businesses are facing in getting loans to expand.
While the credit crisis has eased for Big Business, the president has argued for months that additional help was needed to get loans flowing… Read more »
By Jeff Cornwall; Christian Science Monitor
It looks like the so-called Small Business Bill is about to become law. So what will it offer our ailing small businesses? More debt and more government intervention. Most of the attempt at stimulating small business in the Small Business Bill comes in the forms of offering more loans to small businesses. This is coming from government… Read more »
By Meredith Whitney; Wall Street Journal
The next several weeks will be critically important for politicians, regulators and the larger U.S. economy. First, over the next week Capitol Hill will decide on potentially game-changing regulatory reform that could result in the unintended consequences of restricting credit and further damaging small businesses.
Second, states will approach… Read more »
By Meen Thiruvengadam; Wall Street Journal
U.S. efforts to stabilize the financial system have done little to boost small business lending and it remains unclear what impact the Obama administration's latest lending push will have, a report released Thursday said.
The report from the Congressional Oversight Panel, which oversees the government's $700 billion financial sector bailout,… Read more »