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By Tom Hester | February 7th, 2013 - 2:17pm
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Eustace, Watson Coleman & Diegnan Bill to Create Small Business Loan Program to Help Create Jobs & Economic Growth Released by Assembly Panel

Bill is Part of Ongoing Assembly Democratic Job Creation Effort

(TRENTON) – Legislation Assembly Democrats Tim Eustace, Bonnie Watson Coleman and Patrick J. Diegnan Jr. sponsored to create a small business loan program to help create jobs and spark economic development was released Thursday by an Assembly panel.

“The global economic decline caused by the Great Recession placed very tight credit conditions on the availability of loans to small businesses from private financial institutions, impeding the expansion of small businesses and restricting their ability to improve the state’s economy,” said Eustace (D-Bergen/Passaic). “Clearly, we need to assist small businesses in making direct investments in their businesses to support capital purchases and operating expenses, including new hires and employee training..."

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