First Wave of Stimulus Bill Towards Small Businesses

Posted February 24th, 2009 by admin

The SBA announced it’s making $255 million available in interest-free emergency loans to small businesses.

I expect we’ll see more of this sort of thing.

These loans only apply if you already have bank-issued business loans, but the cool thing is that for the first time, the SBA will guarantee the loans, making them risk-free for the banks.

The SBA has but 15 days to work out the details.

http://tinyurl.com/atvrzp