$100 Million Added to SBA Budget

Small businesses are $100 million richer due to an amendment to the funding bill.

Today the Senate passed a Democratic budget that is a boost for Americas 27 million small businesses. Senator John Kerry (D-Mass.), the Chairman of the Committee on Small Business and Entrepreneurship, worked with Budget Committee Chairman Kent Conrad (D-N.D.) to secure over $100 million in additional funding above the Presidents request for the Small Business Administration (SBA) in the 2009 budget blueprint.

The Senates budget adds funding for increased loan oversight and reduced fees, microloans, contracting assistance, Small Business Development Centers, Womens Business Centers, veterans outreach programs, and technical assistance programs, among others.