The Small Business Jobs Act Actually Does A Lot For Small Business
Source: American Express
Small businesses have had a very hard time the past two years getting the money they need to start and grow. That's where this law can and should make a big difference. The $30 billion fund for lending is going to significantly boost the amount of money available to smaller community banks for SBA loans. (The fund is earmarked for banks with less than $10 billion in assets.) And that's the beauty of the bill. If you think about it, a loan for a new startup can't get much riskier.