Senator Schumer Unveils $700M Small-business Stimulus Plan

January 5th, 2012
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An article from New York Newsday describing the Schumer plan that would waive fees for SBA loans to make them more attractive and get more banks involved. According to the Senator, (The SBA)”must play a bigger role because 65 percent of U.S. banks have tightened their lending standards for small businesses and 70 percent have raised their interest rates, making it harder for small businesses to get loans. The plan if it is supported would be part of the next economic stimulus package we are all hearing about. Read the article here.
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