stimulus

Small-business lending bounces back

Borrowing money isn’t the best thing for an owner-operator to do in a down economy like this. But if you must – or plan to do so as soon as the recovery becomes more evident – it’s good to know how the market is changing. Small-business lending was dead in the water last year as the credit market collapsed, but CNNMoney.com reports that it’s “managed to heal itself” without help from the federal stimulus funding. “Figuring out ...

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Step right up for interest-free loan

It’s not every day someone offers you an interest-free loan. The U.S. Small Business Administration recently announced a program to do just that. As part of the stimulus package, SBA is launching America’s Recovery Capital loans June 15. The basics: Loans are up to $35,000. After you get the money, you have five years to repay. Not only is there no interest to be paid, but there are no SBA fees, either. Qualifying debt includes mortgages, lines of credit, credit ...

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Oink!

 As one of my former editors was fond of saying, “The stuck pig squeals the loudest.” You can hear a little squealing from the headquarters of pork consumption, Washington, D.C., in this blog entry from U.S. Transportation Secretary Ray LaHood. He tries to discredit a recent Associated Press report saying that federal stimulus spending on transportation-related projects appears headed for counties of low unemployment, not high. “Nothing could be further from the truth,” says LaHood of the ...

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Following the billions

  You’ve heard reports about the diverse types of projects that the federal bailouts are funding, in some cases how few jobs they will create, and how some of the expenditures are scheduled to take place years after the economy is likely to have rebounded.   Two websites can help you track this fiscal free-for-all. They’re both called “Stimulus Watch,” but are quite different.   The most publicized one is Stimulus Watch, which lists many proposed projects that could become ...

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Caterpillar jobs: Two accounts

In case you missed the news from last week’s foulup about Caterpillar and the economic recovery plan, you can see and hear the remarks yourself. President Obama, visiting Caterpillar in Peoria, Ill., claimed Cat CEO Jim Owens said “that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off." Whether the president was just overeager or there was some miscommunication, Owens later set the record straight ...

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