|
"Small
Business Administration and the Recovery and Reinvestment Act" The Recovery and Reinvestment Act of 2009, signed into law in February, provided the United States Small Business Administration with new and expanded tools to assist small businesses. The Bill provided $730 Million to the SBA and made changes to the Agency's lending and investment programs. These features include $375 Million for temporarily eliminating fees on SBA backed loans and raising SBA's guaranteed percentage on some loans to 90%. The elimination of fees lasts through the end of this calendar year, or until funding is exhausted. The bill also provided $255 Million for a new loan program to help small businesses meet existing debt payment. In addition, $30 Million was allocated for expanding SBA's Microloan Program and $24 Million in technical assistance grants to micro-lenders. It even authorized $25 Million for staffing to meet demands for the new programs. The program is being presented by the Economic Development Council, the United States Small Business Administration, Small Business Growth Corporation and it is being hosted by the Illinois Technology Association. The program will begin with registration at 7:30 a.m., presentation at 8:00 a.m., followed by question and answer, to adjourn by 10:00 a.m. The program will be at the Illinois Technology Association facility, on the 15th Floor at 200 South Wacker Drive, Chicago, Illinois. The cost of the program is $35.00. As an incentive for new or renewed EDC memberships, anyone that joins or renews their membership between now and May 10, 2009 for $50.00 or more will be considered pre-paid for the May 13th Breakfast. Reservations are mandatory. To register online, prepay by clicking one of the links below.
Click here
to pay on-line. |