Legislation Would Increase Business Loans

Week of March 26, 2007

The "Veterans Small Business Opportunity Act of 2007" would increase the amount of loans available to eligible small businesses when an essential employee is called-up to active duty. The bill would also allow the U.S. Small Business Administration, by direct loan or through banks, to offer unsecured loans of up to $25,000 - a substantial increase from the current $5,000 limit. A small business may qualify for the loan if an employee or owner who has been called up for active duty has managerial or technical expertise that is critical to the successful day-to-day operations of the small business. To learn more, read the full article at Military.com.

How do you feel about this action? Let your public officials know how you feel!

Email this page | Subscribe to Benefits Update |