As a small business owner who is friends with a lot of other small business owners, I get tired of hearing all the news stories about how small business lending will get a shot in the arm from President Obama’s programs or any other source in the foreseeable future.
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Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from around the world. Obama Announces Small-Business Lending Push : The measures would raise loan caps and allow smaller banks to borrow money at low rates from the Treasury Department’s Troubled Asset Relief Program. Rising Taxes Squeeze Local Operations : Property taxes are a greater part of a small business’s total tax b

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Two Ways to Restart Small-Business Lending

Mark Sunshine submits: By Mark Sunshine and Robert Blum Unfortunately, the Obama Administration isn’t proposing much to help restart lending to small and medium sized enterprises (”SMEs”). While SME’s make up the backbone of the U.S. economy and provide most of its job creation, the credit crisis is making them economic road kill. SME’s are small manufacturing and service businesses are innocent victims; they pay their bills, employ workers and aren’t particularly over leveraged. Ho

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