Stimulus for Small Businesses to Help in the Long Term?

by | Jun 29, 2009 | Observations

Last week, the Small Business Administration started distributing deferred payment loans to 10,000 small businesses facing immediate financial hardship. 

These loans were made available as a part of the 2009 American Recovery Capital Program.  The economic stimulus bill passed by Congress earlier this year earmarked funds for this purpose.

As you know, I am a big supporter of entrepreneurial business owners.  I think this is an important program to assist these owners through this time of economic uncertainty. If we are going to get our economy back on track, we need to support the businesses that can get us there.

The SBA has many different resources and tools available on their website geared specifically for entrepreneurs.

I can definitely see the short term benefits of this emergency loan program.  Do you think this type of stimulus will help businesses in the longer term?  What can we, as business owners, do to help the economic recovery process?

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