CNN Money reports that the new administration will be concentrating on making lending to small business more attractive.
There was a 57% drop in the number of loans through the Small Business Administration's main lending program for the last three months of 2008, compared to the same period one year ago.
"The stimulus bill passed last month included $730 million for direct spending on small-business initiatives, including expanded financial support for the SBA's two key lending initiatives, the 7(a) and 504 programs. Under those programs, the SBA guarantees loans made by banks to small-business borrowers. If the business defaults, the SBA picks up the tab for the insured portion of the loan. (...)
