Getting your player ready...
WASHINGTON — President Barack Obama will provide billions of dollars in federal lending aid aimed at struggling small-business owners.
The broad package of measures to be announced today includes portions of the $730 million from the stimulus plan that will be used to reduce small- business lending fees and increase the government guarantee on some Small Business Administration loans to 90 percent. The government also will take aggressive steps to boost bank liquidity with more than $10 billion aimed at unfreezing the secondary credit market.
