The Administration is trying to assist small businesses applying for loans, as well as U.S. House of Representatives legislation toward increasing the ceiling on federal government loan programs. Congress is looking atg offering two lending programs for small businesses, hoping to create more jobs as part of President Obama’s strategy for economic recovery.

Typically small business is a stimulus for new jobs in a struggling economy and this commitment to small businesses will be measured carefully over the next five years, along with job loss statistics.

Unemployment rates fell from 10.0 to 9.7 percent in January while the number of unemployed persons decreased to 14.8 million.

The American Recovery and Reinvestment Act of 2009 from the Executive Office of the President, Council of Economic Advisers, says the jobs that were saved or created by the ARRA of 2009 include: for the fourth quarter 20091.5 million jobs were saved. Projections for 2010 are around 3.5 million, and in 2011 the numbers are at 1.7 million, while in 2012 the statistics are at .3 million.

Smart small business owners are familiar with another stlimulus that works well in a down economy -the strategy of factoring invoices to turn their accounts receivable into fast cash. It’s used as a short-term solution for some, while others have discovered factoring as a long term, or permanent, business funding tactic. Now, the Obama Administration is expanding two lending programs for the owners of small businesses, hoping to create more jobs as part of his strategy for economic recovery.