Obama has pledged $ 30 billion for lending to small business

U.S. President Barack Obama announced the launch of the idea of supporting small business lending, as stated in a recent report on the situation in the country.

“Today I am announcing a project under which 30 billion of funds, banks returned to Wall Street, will be used to create a new fund lending to small businesses that will provide capital to local banks,” - he said the United States.

Funds to support small businesses will be taken from funds that are returned to the banks, received last year, financial support from the state. In 2008, the U.S. administration has adopted a 700-billion government program for the release of their troubled assets (TARP - Troubled Asset Relief Program).

Obama said that it was on the creditworthiness of small banks, primarily depends on small business.

“It is these small, local banks are working very closely with small businesses - they give them their first credit and watch the manner in which business is the best and worst of times” - he added.

Small business development, according to the president, will best contribute to the creation of new jobs - namely that Obama stated goal as a major domestic problem for his administration.

“Small business over the past 15 years, creating approximately 65% of new jobs. I think we need to help small businesses to open the door to expand operations and hire more staff,” - convinced U.S. President.

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