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$30 Billion on the Way for Small Business
Congress is poised to inject $30 billion into small business via the Small Business Lending Fund, which will invest federal money into small banks and provide incentives for them to lend the money to small businesses. In addition to the cash injection, the bill provides tax breaks for investing in new equipment and would increase the limits on government-guaranteed loans to $5 million from $2 million, among other things. Read “Senate Clears Way for $30 Billion Small Business Fund” on BusinessWeeks website.
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