Since it was announced that the Small Business Administration (SBA) will receive $790 million in stimulus package money, micro enterprise organizations all over the United States have been making the news. The stimulus package funds will ensure that the SBA can raise its loan guarantee from the current levels to as much as 90% for some loans. It will also create a new SBA loan program to provide deferred payment loans up to $35,000 for viable small businesses in the United States that need money to make payments on an existing, qualifying loan.

Check out the following two articles for more information on how the ‘Obama small business plan’ is creating a big job for micro enterprise nonprofits:

http://www.reuters.com/article/pressRelease/idUS22108+17-Mar-2009+BW20090317

http://www.nytimes.com/2009/03/12/business/smallbusiness/12micro.ready.html?_r=1