Obama promotes $30 billion small-business lending plan
President Barack Obama went to New Hampshire on Tuesday to promote job creation through a plan to funnel $30 billion in Troubled Asset Relief Program funds into small-business loans from community banks. Sector experts, including NFIB chief economist William Dunkelberg, say small-business owners are not hiring more workers because sales are off, not because they cannot get credit. Other critics warned banks will not lend if borrowers are not credit-worthy or if the program has too much red tape.
Chicago Tribune | 02/03
This story published in NAWBO (R) SmartBrief on 02/04/2010
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