Current Events Directly affecting Businesses in Today’s Economy :
Current Events Directly affecting Businesses in Today’s Economy
SBA lending slips as stimulus cash dries upStimulus money helped revive the government's small business lending program after the recession threw it into a near freeze. But this quarter, as the bonus funds ran out, the program's growth again began to stall.. :
SBA lending slips as stimulus cash dries upStimulus money helped revive the government's small business lending program after the recession threw it into a near freeze. But this quarter, as the bonus funds ran out, the program's growth again began to stall.. Clifford, Catherine “SBA lending slips as stimulus cash dries up" CNN Money.com 9 July 2010 Web. 12 July 2010
Slide 5:
Federal Reserve Chairman Ben Bernanke
"Making credit accessible to sound small businesses is crucial to our economic recovery and so should be front and center among our current policy challenges," Mr. Bernanke said in prepared remarks to the Fed's forum on restoring credit to small businesses.
Barkley, Tom “Bernanke: More Needed To Boost Small-Business Lending " The Wall Street Journal 12 July 2010 Web. 12 July 2010 “In the last two years, $40 billion worth of loans to small businesses have evaporated”
Barkley, Tom “Bernanke: More Needed To Boost Small-Business Lending " The Wall Street Journal 12 July 2010 Web. 12 July 2010 "The formation and growth of small business depends critically on access to credit. Unfortunately, those businesses report that credit conditions remain very difficult," Hall, Kevin G. “Fed chief to banks: Find a way to lend to small business" McClatchy, The Truth to Power 12 July 2010 Web. 12 July 2010