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Survey: Small Business Economic Confidence Tempered by Slow Recovery

HOUSTON – Uncertainty about the economic recovery has caused 61 percent of small business owners to delay their expectation of an economic rebound until 2011 or later, while over 18 percent feel a turnaround will happen in 2010 and 20 percent are unsure, according to the most recent Business Confidence Survey released today by Administaff, … Read More »

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Republicans Block Bill to Aid Small Businesses

WASHINGTON — Senate Republicans have rejected a bill to aid small businesses with expanded loan programs and tax breaks, in a procedural blockade that underscored how fiercely determined the party’s leaders are to deny Democrats any further legislative accomplishments ahead of November’s midterm elections, reported The New York Times. The measure, championed by Senator Mary … Read More »

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Small Business Lending Bill Headed Toward Vote

WASHINGTON – Community banks would be able tap a $30 billion government fund to help them increase lending to small businesses under a bill working its way toward a vote in the Senate, reported The Associated Press. Democrats say banks should be able to use the lending fund to leverage up to $300 billion in … Read More »

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Small Businesses Face Roughest Business Climate in Years, Report Says

Small businesses are facing the most difficult business climate in three years, Chicago Breaking Business reported based on a report released today. Among the most troubling signs: Four out of every 10 small business owners are unable to secure adequate financing, according to the National Small Business Association’s mid-year economic report. Indeed, it has been … Read More »

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Obama Pushes Congress to Pass Small Business Plan

WASHINGTON – President Barack Obama pushed the Senate on Tuesday to pass legislation he says will benefit small businesses and generate jobs, and called on Republicans to back what he described as a plan similar to programs they had supported in the past, reported Reuters. The plan includes a $30 billion fund to invest in … Read More »

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Senate Clears Way for $30 Billion Small Business Fund

Washington is poised to launch its most direct attempt to revive small business lending since the financial crisis with a plan to invest up to $30 billion of federal money in small banks and give them incentives to re-lend that money to Main Street companies, Bloomberg reported. The Small Business Lending Fund, outlined by President … Read More »

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