Small Business Loans Criticized
Monday President Obama released a plan to increase the federal guarantee of small business loans to 90% and decrease fees associated with the loans. However, the action is being met with significant criticism. Read the Wall Street Journal article: Small Business Loans Criticized
After participating in today’s online chat with Eric Zarnikow from the SBA, there are still some details that need to be worked through with the program. Overall, it seems like a step in the right direction to help the flow of credit to small businesses from the banking sector.