Small Business Credit Crunch and the Impact of the TARP

Download or read book Small Business Credit Crunch and the Impact of the TARP written by Elizabeth Warren and published by . This book was released on 2010-10 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small businesses (SB) have long been an engine of economic growth and job creation in America. More than 99% of American businesses employ 500 or fewer employees, and together these companies employ half of the private workforce and create two out of every three new jobs. SB credit is one of the primary focuses of the Troubled Asset Relief Program. Contents of this report: A. Introduction; B. Background: C. The Credit Crunch; D. Government Lending Initiatives and SB; E. Examining the Continued Contraction in Lending; F. New Initiative for SB Lending; G. Conclusion; Pending Legislation Related to SB Lending; State SB Credit Programs Established in Response to the Crisis; Additional Views. Charts and tables.