Vistas: Geri Stengel’s Blog: SBA

Officially, small business owners can expect good things in 2010:

• The Small Business Administration has gotten more money for both staff and for loan guarantees with reduced fees.
• America’s Recovery Capital (ARC) loan program will offer deferred-payment loans of up to $35,000, backed 100 percent by the SBA, to viable small businesses that need help making payments on an existing non-SBA loan.
• The stimulus includes money for such thing as electronic medical records and the focus is on delivery of medical services. Consultants, IT experts, and hardware/software providers should benefit.
• The Obama administration has been pressuring banks both large and small to loosen the purse strings.
• There's some indication, according to Federal Reserve Board stats, that access to credit is just beginning to improve.