Government and the Little Guy
In his short time in office, some moves have been made to help small businesses, including the passing of a stimulus package in February. The plan provided the U.S. Small Business Administration (SBA) with program tools that offered new economic incentives to small businesses. These incentives are aimed at growing the economy through job creation, restarting lending and investing in small businesses. The package contains loan-fee reductions, higher guarantees, secondary market incentives and new and enhanced SBA programs that aim to help unlock credit markets and begin economic recovery for the nation’s small business sector.
Small business advocates said some of what has come down under the administration is beneficial, but things on the horizon may actually work against the little guys.