With hundreds of billions of dollars of stimulus comes at high cost, low-profit projects, and even worse, financial resources allocated to programs such as loan modifications (but given the banks and unscrupulous agencies that bad loans in the first place), it is refreshing to hear of the stimulus funds into loans for small businesses that are actually helping small businesses.

The Los Angeles Times just ran a story about the success of microcredit in your business website. Before continuing, let’s clarify what we are talking about, but. Microcredit has become well known for his surprising success in helping individuals and groups in developing nations, where a loan of $ 25 to $ 100 can mean the difference between a life of poverty and hunger not only at feeding a family, but also be able to send children to school.

Microcredit stimulus money here in the U.S. are only “micro” within the meaning of the U.S. business and may be up to $ 35,000. This is a lot of money for a small business, especially in a year in loan funding had disappeared from the banks’ services.

Administered by the Small Business Administration (SBA), the microcredit program disburses the money through nonprofit providers throughout the country (who receive the money at 1% and charge small businesses for up to 10%).

According to The Los Angeles Times, companies are reporting that Obama Stimulus loans are helping small businesses and are the only way we have been able to expand. In fact, they are creating some jobs, which was the main idea behind most of the budget stimulus.