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Latest News: Legislative Updates

Availability of funds for small business loans to increase?

Tuesday, July 17, 2012   (0 Comments)
Posted by: MRAA Admin
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If the U.S. Federal Reserve follows the lead of the Bank of England, it could help small business get loans from participating banks. Under such a program, the Federal Reserve would give banks very low interest rates on loans to small businesses and home mortgages. This could have a significant impact on marine retailers as availability of funds has been an issue since the financial crisis in 2008.

Click here to read about speculation that the U.S. Federal Reserve may announce the adoption of a similar program during next week's monetary policy report to Congress.