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Help Community And Small-Business Development Agencies |
"Obama will provide additional resources to the federal Community Development Financial Institution Fund, the Small Business Administration and other federal agencies, especially to their local branch offices, to address community needs."
-- Obama's Blueprint for Change
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DECEMBER 21, 2009
SBA Loaning Authority Extended
Among several non-defense outlays in the FY 2010 Defense appropriations bill signed by Obama is $125 million to extend until February the enhanced SBA loaning authority originally granted through the stimulus bill. |
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DECEMBER 16, 2009
SBA, CDFI See Funding Increases
The omnibus appropriations bill signed by President Obama boosted funding for the Small Business Administration and for Community Development Financial Institutions. The SBA will receive $824 million for FY 2010, $211.7 million more than in 2009. CDFIs will receive $246.75 million, up from $107 million in FY2009. |
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FEBRUARY 17, 2009
Stimulus Signed Into Law
The final version of the stimulus package includes an expansion of the SBA's lending authority as well as increased funding for the Community Development Financial Institution Fund. |
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JANUARY 28, 2009
Stimulus Expands SBA Authority
The House-passed stimulus package includes provisions expanding the lending powers of the Small Business Administration and allowing debt refinancing under the Local Development Business Loan Program. |
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JANUARY 20, 2009
Summers Pledges Help For Community Banks, Small Business
National Economic Council Director-designate Lawrence Summers wrote in a Jan. 15 letter to congressional leaders that the administration's Emergency Economic Stablilization plan would include "special efforts to restart lending to the small businesses responsible for over two-thirds of recent job creation" and "ensure the soundness of community banks throughout the country." |
