This legislation would enable the Small Business Administration (SBA) to make federal funding for microloans and technical assistance more readily accessible to small businesses.
These services can help save and create thousands of jobs in California by helping small business owners manage the start-up and operation of their businesses.
Due to severe local government budget cuts, many microlenders have been unable to raise non-federal matching funds as required by the SBA to qualify for federal funding. This has negatively impacted services available to small businesses, many of whom need assistance now more than ever.
CAMEO represents 130 microenterprise organizations who provide microloans and technical assistance to 25,000 businesses in the state of California.
You can support microentrepreneurs by asking our senators to support the Small Business Community Partner Relief Act of 2010.
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