WASHINGTON—America’s small businesses, often called the driver of the U.S. economy, will finally get a break, if President Barack Obama has his way.
“American entrepreneurs and small businesses are the engines that create new jobs and develop the innovations that will keep our Nation strong,” Karen G. Mills, Small Business Administration (SBA) administrator, said during a Small Business White House ceremony, according to its Web site.
Obama promised to push through Congress a bill to increase small business loans from $2 million to $5 million, increasing “CDC-504” loans to $ 5.5 million, and SBA microloans from $35,000 to $55,000.
Making or Breaking U.S. Small Businesses
