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So, all these steps have helped. they're going to help. but i believe we've got to do even more to give our small businesses a boost. and maybe the single most important thing we can do right now is to help ensure that credit-worthy small business owners can get the capital that they need. so, in my state of the union address, i called for a $30 billion small business lending fund. that would help increase the flow of credit to small companies that were hit hard by the decline in lending that followed the financial crisis. and last week, i sent congress this legislation, which now includes a n...

Billion small business lending fund. that would help increase the flow of credit to small companies that were hit hard by the decline in lending that followed the financial crisis. and last week i sent congress this legislation which now includes a new state small business credit initiative, an initiative that will help expand lending for small businesses and manufacturers at a time when budget shortfalls are leading a lot of states to cut back on vitally important lending programs. i've also asked congress to work with us to extend and enhance sba programs that have helped small business owne...

Following the financial crisis, and obviously small businesses are a major source of job creation. this morning we sent draft legislation to congress on this fund which now includes a new state small business credit initiative. this state initiative, which was designed with the help of governors and members of both the house and the senate, will help expand lending for small businesses and manufacturers at a time when budget shortfalls are leading states to cut back on vitally important lending programs. in addition, with state and local governments facing huge budget gaps, we're seeing lay la...

I called for a $30 billion small business lending fund, which would help increase the flow of credit to small companies hit hard by the decline in lending that followed the financial crisis. obviously small businesses are a major source of job creation. this morning we sent draft legislation to congress on this fund, which now includes a new state small business credit initiative. this state initiative, which was designed with the help of governors and members of both the house and the senate will help expand lending for businesses and manufacturers at a time when budget short falls are leadin...

News and so our caroline schively is up early to explain this. hey, caroline. >> good morning, guys. just out this morning, the president has a new proposal that congress pass two temporary expansions of lending programs. now, there are a lot of numbers here. if you have a small business or work for one, it could really affect you. here's what he wants the small business administration to do. one, increase support for owner occupied commercial real estate loans and two, increase the cap on s.b.a. express loans from $350,000 to a million. when it comes to those loans, the government would take ...