Small Business News You Can Use (4/24)

Less of the labor force is working in small businesses than in the early 1990s. As House Republicans made the case for their small business tax cut this week, a group of female lawmakers took center stage to sell the plan. Small loans to businesses continue to shrink, falling to $613 billion dollars at the end of 2011, the Small Business Administration (SBA) reports. Increasing Main Street’s access to capital is a key piece of our economic recovery. The millions of local businesses nationwide represent a critical segment of the economy, yet the vast majority cannot secure financing. According to a recent survey by the Federal Reserve Bank of New York, only 16 percent of small businesses that seek financing receive the full amount they need.