Small business lending measure clears filibuster + Clears Way for $30 Billion Small Business Fund

[mEDITate-OR:

assume that this one does not matter...

Recently we and they reported to U.S. that the SBA loan program, that was oddly working, had run out of money to lend, but that there was a huge number of applicants that had "approved" loans in the pipeline.

What you - well, everyone - knows is that the largest generator of jobs is in small businesses.

What we - you, them & U.S. - NEED are a lot more jobs.

This measure may have two "economic multipliers":

first, it may make it possible for small banks to lend out up to US$ 300 billion - 10 times the appropriation amount.

second, every dollar that IS lent out will "multiply" through the economy - probably around three (3) times the amount lent.

IF that is true, the total effects of this measure might approach US$ 1 Trillion.

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Small business lending measure clears filibuster
http://news.yahoo.com/s/ap/us_small_business_lending
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Clears Way for $30 Billion Small Business Fund
http://www.businessweek.com/smallbiz/running_small_business/archives/2010/07/senate_clears_way_for_30_billion_small_business_fund.html

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