The President announced new measures as part of an ongoing effort to help small businesses access credit and create jobs.

(I) Taking Further Steps to Provide Small Businesses With Access to Credit By Supporting Community Bank Lending Through the Financial Stability Plan
• Improving access to credit for small businesses by providing lower-cost capital to community banks that submit a plan to increase small business lending
• Supporting small business lending in the hardest-hit rural and urban communities by making low-cost capital available to Community Development Financial Institutions

(II) Seeking Legislation To Increase Maximum SBA Loan Sizes – Allowing More Businesses To Access The Credit They Need To Expand And Create New Jobs
• Raising lending limits on SBA’s 7(a) and 504 programs:

• From $2 million to $5 million;
• Up to $5.5 million for manufacturing companies under the 504 program;

• Raising lending limits on the Microloan program from $35,000 to $50,000

(III) Convening a Treasury-SBA Small Business Lending Conference to Work With Regulators, Lenders and Congress to Ensure Credit Is Available to Small Business

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