Four months ago I wrote a post about federal stimulus for small businesses. Here is an update.
The prior stimulus bill focused on trying to make it easier for small businesses to secure credit and added a few tax breaks. Business owners I talked to were not in a position to consider more funding for two reasons.
- They were wary about adding debt to expand given the current economy.
- They were already in such a tough position that they would not be able to qualify for more funding.
