US plan to help small businesses

The government of the United States created a plan including measures to help domestic small businesses which are having problems as a result from the economic problems of today. Every bank in the country has to do everything they can to provide credits to small companies. This small business package is the latest measure taken by Obama to stimulate the economy of the United States.

First of all, this plan includes an amount of $15bn to increase liquidity to encourage lending to small businesses.
Further, an amount of $730m is meant to fund tax cuts and incentives. These incentives reduce lending fees and increase loan guarantees.
The plan also includes measures to make health insurance cheaper for small businesses.
Finally, banks must report their loans to small businesses.
So firstly, the government encourages banks to lend more. Secondly, they seek to improve the flow of credit to small businesses.

I know for sure that this measure taken by the Obama Administration will result in an economic recovery in small businesses. I’m really a fan of the manner which Obama uses to help his country. I think he tries to do all the possible he can to solve the economic situation. This measure costs a lot of money, but I think it will have positive results.

Source: http://news.bbc.co.uk/2/hi/business/7946359.stm