SmallBusinessNewz

President Obama Talks New Small Business Initiatives

Today president Obama proposed the expansion of two SBA lending programs aimed at letting small businesses refinance and increase limits for working capital. Both legislative proposals are designed to help small businesses through a difficult period in credit markets, the White House says.

ASBL Critical Of Obama Plan For Small Businesses

The American Small Business League is warning that President - elect Barack Obama is preparing to make significant changes in federal contracting laws that will allow some of the nation's wealthiest investors to receive federal contracts earmarked for small businesses.The League says the new pro-venture capital policy could virtually repeal the Small Business Act for legitimate American small businesses by modifying the federal definition of a small business as "independently owned."