SBA Urged to Jump Start Lending

I was reading the Washington Post this morning and a great article on the SBA caught my eye - “Small-Business Agency Prodded to Spur Lending”.

The article begins with “The chairman of the House Committee on Small Business yesterday urged the new head of the Small Business Administration to try to jump-start lending by using provisions in the economic stimulus bill that so far have sat idle.”

The stimulus bill passed a few months ago included the “Business Stabilization Loan Program and it’s goal is to “provide loans of up to $35,000 to small businesses so they can make payments on their outstanding debt. The loans would be 100 percent guaranteed by SBA”.

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Google Wants To Give You Money

Google finally announced the formation of a new venture arm called Google Ventures. It is where all smaller-scale venture investments from Google will now originate.

A $100 million fund (that is the amount of capital allocated over the next 12 months). “We don’t have to invest $100 million this year,” notes fund co-manager Bill Maris, “it is what we want to do.”

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Micro-Loans For Americans?

When the economic downturn took hold last autumn, the management team at non-profit Kiva.org made a calculated bet to curb investment, anticipating that donors would slow the volume of small loans they make to entrepreneurs in the developing world.

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Ways to Fund Your Franchise

The fact is that franchise companies still want to grow; and many individuals are still chasing the American Dream. Both groups realize that the lack of available credit is hampering their ability to make this happen. Solutions exist, but they often require some out-of-the-box thinking and aggressive efforts on everyone’s part.

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