The New Boss
Further, the SBA will be able to help businesses reduce debt by backing or issuing stabilization loans, which small businesses can use to pay off existing debts. These loans have the interest fully subsidized and require no payments for the first year, with expectations that they will be repaid within five years. Such measures will allow businesses to remain afloat during the current economic lull, which in turn, will keep Americans employed and allow business to continue as usual—the most important step in revitalizing the economy.
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Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.