Small Business Jobs Act of 2010
From: The U.S. Small Business Administration
The Small Business Jobs Act, signed by President Obama on September 27, will provide critical resources to help small businesses continue to drive economic recovery and create jobs. The new law extends the successful SBA Recovery loans while offering billions more in lending support and tax breaks for entrepreneurs and small business owners.
New Law Puts More Capital in the Hands of Entrepreneurs and Small Business Owners
Recovery Act Loans Extension - $14 billion more in lending support
Higher Loan Limits - significantly increases maximum loan sizes in top loan programs
Alternative Size Standards - more small businesses eligible to get SBA loans
Temporary Enhancements to Help with Working Capital, Commercial Real Estate Refinancing
Dealer Floor Plan Pilot Extension, Expansion
Small Business Intermediary Lending Pilot
New Law Strengthens Small Businesses' Ability to Compete for Contracts, Including Recommendations from the President's Task Force on Federal Contracting Opportunities for Small Business
New Law Promotes Small Business Exporting, Building on the President's National Export Initiative
Law Expands Training and Counseling:
New Law Provides $12 Billion in Tax Relief to Help Small Businesses Invest in their Firms, Create Jobs
SBA Press Office
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