In a news article on Reuters, President Barack Obama urged the Senate today to complete work on a small-business jobs plan. Obama hopes to approve the plan, which includes a $30 billion small-business lending fund. Small businesses account for a large portion of United States job creation.
The fund would provide $30 billion in capital that the government could invest in independent community banks with assets of less than $10 billion to increase lending to small business. It would support as much as $300 billion in new loans to small businesses.
Accounts receivable factoring could work in conjunction with new lending funds, as it would protect small businesses from falling into debt. The idea is to use funds due to your business net 30/60 or 90 days. Factoring companies like The Interface Financial group (IFG) can factor invoices in less than 48 hours.
But today business environment demands a continuous, ongoing planning system. http://business.blogtells.com/
Bush says partisan bickering is to blame for a delay in the confirmation process. http://business.blogtells.com/
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