Now the US small business owners get relief as US newly elected President Barack Obama has said small businesses that have been hard hit by the global economic downturn will be helped very soon. He said small businesses remained at the key of the American economy. So, it must be helped and support through the credit shortage. President Obama was speaking those to small business owners and others at the White House. He added credit problems had forced a number of small business owners to cut back their operations or close the businesses. So, it is hampering the US economy.

In the White House meeting, to point out that small businesses are accountable for more than half of all private sector jobs, Obama said: ‘Any lender that provides SBA small business loans will have a buyer for those loans. And in turn, community banks will no longer have to choose between providing loans to credit-worthy small businesses and maintaining the required capital and liquidity.’ He further added US Treasury Department would step properly in to get small business loans from banks.

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