The Jobs Act that was signed into law in September of 2010 is good for small businesses in the Santa Clarita Valley. In an effort to inject life into small businesses across the nation the Small Business Jobs Act of 2010 extended benefits and created some adjustments to loan limits and loan terms for small businesses. Included in the Act is a guarantee for cheap money for small banks who are financing small businesses, giving banks the ability to borrow money at a rate of 1% if they lend more to small businesses than they did in 2009. Small business loans are noted to be profitable for banks as well, a win-win scenario for Santa Clarita businesses and banks.
The maximum amount a small business can borrow has been raised to $5 million, $5.5 million for manufacturers. In addition the limit for micro loans, intended to help with start-up costs, was raised from $35,000 to $50,000. Adjustments were also made to the size qualifications of small businesses. Click here to learn more about the Small Business Jobs Act of 2010 and how you Santa Clarita business may benefit.
Small businesses can provide the backbone of a community. The Santa Clarita Valley is made up of many small businesses that enhance the quality of life for those living here. Please contact me today to learn more about living in our valley as well as to discover some of the great Santa Clarita real estate investments that exist at the moment.
Contact us at Remax Santa Clarita today to learn more about Santa Clarita real estate, as well as to have free access to the Santa Clarita MLS and all Santa Clarita properties that are currently listed for sale.