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Archive for the ‘lenders’ Category

On October 24, 2009, President Barack Obama gave his weekly address that had a much needed focus on small business. In his address entitled “Working with Small Business to Drive Recovery,” Obama discussed the important role small business plays on the safe recovery of the economy. He mentioned that “small businesses have always been the engine of our economy, creating 65 percent of all new jobs over the last decade and a half and they must be at the forefront of our recovery.”

In that same week, Obama also met with small business owners to get their reactions to his proposals that involve: increasing caps for Small Business Administration (SBA) loans, giving community banks better access to tarp funding and giving small businesses affordable healthcare options. In a recent video clip, MSNBC.com mentions Obama’s recent meeting with small business owners and talks with SBA Administrator Karen Mills about her efforts to spearhead Obama’s lending proposals forward.

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