US Stimulus Package Loans
The US Government has passed the American Recovery and Reinvestment Act as part of the Stimulus Package. The Act contains a package of Loan Fee Reductions, higher guarantees, new programs, enhancements and market incentives that will help unlock credit markets and begin economic recovery for US small business owners.
We are helping to facilitate the process and empower small business owners by providing details and local contacts to easily access these loans and incentive programs. We also give member’s access to Government Grants and Contracts which they can bid on to win new revenue and access to capital or financing.
The bill provides $730 million to the US Small Business Administration and makes changes to the agency’s lending and investment programs to ensure that these funding programs are easily accessed by small business owners.
“We are going to be part of the solution, and this bill gives us specific tools to make it easier and less extensive for small business to get loans [and], give lenders new incentives to make more loans.” (Acting SBA administrator, Darryl K. Hairston).
Business.gov, the official business link to the U.S. government, allows users to easily find compliance information from all major U.S. Federal Agencies regulating or serving small businesses. Business.gov is managed by the U.S. Small Business Administration (SBA) in a partnership with 21 Federal Agencies and is part of the President’s Management Agenda.