SBDC’s get their funding…

The Small Business Administration will provide more assistance and capital to small businesses. The FY 2010 Appropriations Bill shows the SBA will receive $824 million which is $212 million above 2009 and $45 million above the request. Highlights include:
· Overall Lending: Supports $28 billion in new lending to small businesses
· Microlending: $25 million in new microlending. $22 million in related assistance
· SBDCs: $113 million ($3 million above 2009, $16 million above the request)

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