Small-Business Groups Want Aid Plan Details
The Obama administration is considering various proposals to help small businesses obtain loans, but the initiatives are not generating much enthusiasm from small-business advocacy groups. One proposal would use funds from the $700-billion rescue program for the banking industry. However, the advocacy groups say the plan needs more detail, although they are hopeful that the attention resulting from the initiative could lead banks to start lending again. Groups such as the National Federation of Independent Business and the National Association of Women Business Owners have said that other ideas, such as a break on payroll taxes, could better help struggling business owners.
Source: WSJ.com | July 14, 2009