The US has jumped on the bandwagon to help stimulate financing to small companies.
Key points of the initiative:
(i) $15bil in quantum
(ii) Govt to buy up small business loans backed by the SBA from banks
(iii) Increase risk-sharing from 75% to 90%
(iv) Reduce fees of the loans
(v) Increased bank reporting requirements to Govt
(vi) Top banks (in terms of SBA-backed lending) to publish loan amount to small businesses monthly
==============
link from businessweek, 16 mar 09
http://www.businessweek.com/bwdaily/dnflash/content/mar2009/db20090316_910298.htm?campaign_id=rss_smlbz
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment