Senators Say: More TARP Funds for Small Businesses
by Christina Lee on April 1st, 2009
Using bailout funds to expand existing small business credit lines is what two senators called a “common-sense solution” – one they hope to discuss soon with the Treasury Department. Sens. Mary Landrieu, D-La., and Olympia Snowe, R-Maine, representing the U.S. Senate Committee on Small Business and Entrepreneurship, wrote a letter addressed to U.S. Treasury Secretary Timothy Geithner. It results from a March 19 hearing, where entrepreneurs discussed how credit and loan options have diminished despite perfect payment histories. “Without our help, small businesses won’t be able to fulfill their role as the engine of economic growth at a time when... Read more »