President Obama made the following promise:
"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
Other promises regarding our economy.
UPDATES:
Updated: 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."
Updated: 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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