Treasury Dept
Treasury Dept. Holds Forum For Small Business
The Treasury Dept. held a forum on Thursday to address how the economy has affected small business. Specifically, the forum addressed how to help small businesses weather the bad economy. ABC News reports that an Obama administration focused on how to increase small business access to financing.
In fact, the press release about the forum from the Treasury Dept. details what Treasury Secretary Timothy Geithner wanted to convey, stating: ”Small businesses, in particular, are still facing a very challenging credit environment.” This is very true with small business lenders like CIT Group and Advanta filing for bankruptcy in recent news. Geithner wanted to give small business owners some hope about how to get financing.
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