Ros-Lehtinen Pleased To Vote For Legislation That Will Help Our Nation's Small Business Owners; Legislation Would Help Small Businesses During Tough Economic
Congresswoman Ileana Ros-Lehtinen, a senior member of the Florida Congressional Delegation, voted today, Thursday, for passage of legislation to benefit small businesses in Florida and across the nation. The legislation the "Small Business Financing and Investment Act" (H.R. 3854) would provide federal assistance to small businesses in low income areas.
This legislation would also allow the SBA to increase loans, provide capital to renewable energy businesses, and make loan guarantees to small health care firms purchasing health information technology. The legislation would increase the regular SBA loans for business startups or expansions delivered through commercial lending institutions and guaranteed by the SBA.
Said Ros-Lehtinen, "Our small businesses are hurting under the weight of the worst recession in 70 years. It is imperative that Washington do all it can to help invigorate and strengthen our small businesses, which are the backbone of the US economy. This legislation also helps our veterans by providing them with loans that are guaranteed up to 90% by the SBA, and this is a surefire way of making sure America's veterans are helped if they wish to expand their small businesses or pay down the purchase of new equipment.
A vibrant small business sector in America is a good way to help bring down the horrid unemployment numbers that threaten our economic recovery."