There have always been grants and other types of financial assistance for single moms. With President Barack Obama's new stimulus package, more and more people are starting to look at grants as an alternative means for raising capital for going to school, starting up a business, or even paying basic living expenses.
Today, President Obama released a statement about what the stimulus package is going to do for small businesses. The Stimulus package calls for the Treasury Department to buy up $15 Billion dollars in securities in an effort to free up money for the SBA to make more small business loans.
The plan also includes a temporary elimination of upfront fees for certain types of SBA loans, and also includes more tax relief for small business. President Obama's Stimulus package is based on small businesses being the backbone of the American economy.
Historically, SBA loans, like government grants, have never been applied for by 90% of U.S. businesses. The process is complicated and many small business owners lack the resources for creating a proper business plan or apply for a grant, but new software programs have made it easier to create business plans and apply for grants.