Travel 4 Real President & CEO, Rem Malloy joined a group of small business owners as they talked with Congressman Rick Larsen today concerning the Obama administration’s $30 billion Small Business Lending Fund

(TRAVPR.COM) UNITED STATES - ^22nd June 2010 – Travel 4 Real President & CEO, Rem Malloy joined a group of small business owners as they talked with Congressman Rick Larsen today concerning the Obama administration’s $30 billion Small Business Lending Fund.

The U.S. House of Representatives voted last week to pass legislation to boost lending for and provide targeted tax relief to small businesses. The legislation addresses the needs of small businesses with the Small Business Lending Fund Act and the Small Business Jobs Tax Relief Act.

These two bills, which are fully paid for, will now move together as one for consideration by the U.S. Senate.

“One issue in the past has been that large banks are only lending to larger businesses or ‘sure bets’ and are not looking at established small business that have been impacted and need the funding,” explained Malloy.

The Small Business Lending Fund Act will increase lending to small businesses by creating a small business loan fund designed to boost lending to small businesses by providing additional capital to community banks with a requirement that the money be lent out and a penalty provision on those banks that do not make the loans. The fund is fully paid for and will save taxpayers $1 billion over the next 10 years.

The Small Business Jobs Tax Relief Act will provide tax relief targeted at small businesses to better enable them to continue to weather the current economic climate. It also offers incentives to spur investments in American small businesses. In addition, these reforms will lower the capital gains taxes on small business investments, increase tax deductions to help entrepreneurs to recover more start-up expenses, and include penalties for community banks that don’t lend to small business.

Larsen commented that the Small Business Administration’s lending programs are the best solutions for small business lending with the penalty provision as their best protection.
Business owners can access information on the program by visiting: http://www.sba.gov/ and Larsen’s website, http://www.house.gov/larsen/

About Travel 4 Real
Mother and son team, Deborah de Maio and Rem Malloy, launched Travel 4 Real in 1995 because they saw a need for a boutique tour operator that understood the hesitations and concerns of travelers going abroad. With extensive on-the-ground knowledge and understanding of culture differences, Travel 4 Real specializes in creating trips from beginning to end sending travelers on their way with the confidence and resources they need to travel solo. www.travel4real.com

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