Obama Signs $30B Small Business Loan Law

President Obama signed into law a $30 billion loan find for small business. The law also provides $12 billion in tax breaks and tries to improve existing loans to small businesses that are backed by the U.S. Small Business Administration. 

According to a Realtor.org article "The $30B Small Business Loan Law in Perspective : Speaking of Real Estate", one concern that National Association of Realtors members have voiced, is that local community banks are not participating in the SBA loan program.  In Lincoln, however, we have been approached by a number of local area banks who are ready to help small businesses get the financing they need.  So we would encourage any small business looking to expand or buy a building, to look into the SBA program.

To read the full Realtor.org article, click here.