Business Articles

Special Report - $42 Billion for Small Business

The Small Business Jobs & Credit Act of 2010 promises help, but take advantage of it now because many provisions run out in a year.

By Mark E. Battersby
Published: November 12, 2010
Congress has passed and the president signed the Small Business Jobs & Credit Act of 2010, a bill creating a $30 billion lending program.

The new legislation offers $12 billion in tax breaks, and its lending provisions are designed to help small-business owners who have seen the value of real estate and other types of collateral sapped by the recession. However, it includes measures that might worry hobby store owners.

Here's a look at what the bill will mean for many dealers, including the potential potholes stores may face down the road.

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