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Landrieu, Snowe Support President's Efforts to Increase Access to Capital for Small Businesses
February 5, 2010Senate Committee on Small Business and Entrepreneurship Chair Mary L. Landrieu, D-La., and Ranking Member Olympia J. Snowe, R-Maine, today made the following comments in regard to President Obama's small business proposals to help create jobs: "While small businesses have borne the brunt of this downturn, they are also the ones who have the greatest potential to speed up our recovery and create jobs," Sen. Landrieu said. "I applaud President Obama for his continued focus to aid small businesses and for supporting the refinancing of small business real estate loans, a proposal that closely matches one I originally introduced as part of S.2869, The Small Business Job Creation and Access to Capital Act. Many viable small businesses now face a new hurdle, finding refinancing on their maturing real estate debt, without a fully-functional commercial real estate market. The President's proposal and my bill will help these businesses weather the latest storm. Full release.