Treasury Secretary To Entrepreneurs: Help Is Coming

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
min read
timothy-geithner.jpgU.S. Treasury Secretary Timothy Geithner told members of Congress last night that stimulus funds for entrepreneurs are on the way, with a Consumer and Business Lending Initiative and increased federal backing of SBA loans forthcoming.

The closed-door meeting with Democratic lawmakers laid out Geithner's plans to shore up a core, job-creating sector of the U.S. economy--small business.

The plan takes its cues from the Term Asset Backed Securities Loan Facility and aims to, as Geithner has said previously, "get credit flowing again" for small-business owners, consumers and students. The sit-down with members of Congress also apparently laid the groundwork for the Obama Administration to ask for more stimulus money, at least some of which would presumably go to the mom-and-pop business sector.

More from Entrepreneur

Learn how to get your own business launched with our on-demand start-up course. Whether your ready or just thinking about starting your own business, get started for free with our first 3 lessons and receive a personalized 1-page business brief.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur