At a meeting for counselors of SCORE Chicago, the SBA’s District Information Officer, Mark Ferguson, passed out a handout he had just received entitled “Recovery Act Overview.” The reverse side of the document is about “Understanding the SBA Programs in the Recovery Act.”
Here’s the link to the SBA’s Recovery Act Overview.
The consensus was that small business owners should look for loans at community banks and through the SBA’s Microloan program, at ACCION Chicago (and online ACCION nationally). Regulations to implement some of these programs, including the micro lending program, are still being written.
– Peg Corwin