Monday, August 16, 2010

In the News: Micro-loans Help Small Businesses Survive

Wall Street Journal and New York Times Publish Support of Small Business Micro-Lending!

Recently there have been many headlines regarding micro-loans and small businesses! It is exciting to see this form of lending receive exposure and more support. Wall Street Journal published a great story on how micro-loans help small businesses survive (they even mention ACCION USA!). Here are some interesting quotes from the article:

"When President Barack Obama signed the American Recovery and Reinvestment Act into law in February 2009 to create jobs and promote spending, the law included $56.1 million for micro-loans for small businesses, to be doled out through the Small Business Administration through September."

"Microlenders such as ACCION even provide technical assistance—for which the stimulus allocated an additional $24 million—to help small-business owners prepare to obtain a loan."

To read the full Wall Street Journal article click here , and click here to read the New York Time's article


  1. This is so great to know that there are options out there for entrepreneurs during this lending freeze, thank you ACCION!

  2. Isn't it? Lending freezes have been affecting everyone. Hopefully we are on the up-side of this economy.