Senator Mark Pryor made the following statement after the Senate passed the Small Business Lending Act of 2010.
The success of small businesses is vital to creating jobs and moving our economy forward. As I traveled around Arkansas during August, I heard from small business owners that it remains difficult to get the loans they need to start, run or expand their companies. The legislation we passed today will help solve this problem by increasing and incentivizing small business lending, rewarding entrepreneurs for investing in new small businesses, and providing significant tax cuts to help businesses grow and thrive. This bill is an important step on the road to rebuilding Main Street and jumpstarting job creation in Arkansas and across the country.