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Obama Administration to Increase Access to Small Business Loans

In a move to free up more capital that it hopes will jumpstart the economy, the Obama administration today announced a program to increase the amount of small business loans made by credit unions and other lenders.

By Claude R. Marx | Updated on March 15, 2009

In a move to free up more capital that it hopes will jumpstart the economy, the Obama administration today announced a program to increase the amount of small business loans made by credit unions and other lenders.

The government currently guarantees between 50% and 85% of these loans, and under the new proposal would guarantee up to 90%.

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