Increase Number of Business Loans for Entrepreneurs
Making funds accessible to small business owners is important to the progress and growth of our economy. Small business has time and again been cited as being the backbone of our nation's economy. With the current laws, small business owners are capped at only being able to access a certain number of investors in their start-ups. Congresswoman Nydia M. Velazquez has recently brought to the table a bill (H.R. 1915). This bill will provide the Administrator of the Small Business Administration authority to increase the amount of general business loans for these small business owners as well as an increase in the potential number of investors in these new businesses.