The United States Hispanic Chamber of Commerce (USHCC), the leading advocate for nearly 3 million Hispanic-owned businesses and over 200 local Hispanic chambers throughout the United States, described a mixed reaction to today's announced improvements to small business lending, noting a move in the right direction, but also an expansion of old measures that have not yielded desired results.
As part of February's stimulus package, Congress allocated $730 million to the Small Business Administration (SBA) to temporarily waive fees and increase guarantees the agency offers banks that make qualifying small business loans.
Despite those measures, SBA lending continued to fall, dropping 36% in the 2009 fiscal year compared to a year earlier. READ FULL STORY
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