The Obama administration is committing $15 billion to encourage lenders to make more money available to entrepreneurs to start, operate or grow their businesses.  The $15 billion is intended to encourage new lending to small businesses and will be used to purchase newly issued securities.

In addition, the Obama administration plans to:

• Increase loan guarantees for small business to 90 percent of the loan value to encourage banks and other lenders to extend credit.
• Waive Small Business Administration loan fees.
• Require banks that received federal bailout money to report each month how much small-business lending they did.

The information is reported here.

Is your bank receiving bailout money?  Search by date, financial institution, city, state, and amount here.

The Business Plan Store will get you ready to apply for funding with your own personalized, professional business plan.
We have been writing business plans for more than ten years helping entrepreneurs and small businesses launch new and expand existing businesses.  This administration initiative will spawn thousands of new businesses.  Will yours be one of them?  We can help you get started with your business plan today.