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5th Feb 10
Web TeamSmall businesses have taken take a huge hit during this recession, but the President is looking to lend a helping hand…
Feb. 5 (Bloomberg) — President Barack Obama will today back a temporary increase in Small Business Administration Loans from $350,000 to $1 million to encourage small business hiring, an administration official said.
Obama will announce his support for the higher loan limits and SBA assistance for commercial mortgage refinancing when he appears at a small business in Lanham, Maryland, according to the official, who spoke on condition of anonymity. The two proposals would require congressional approval..
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