The Small Business Administration has two programs setup according to U.S. Senator Mary Landrieu of Louisiana. The programs are designed to help the small business that exports, one is the Export Working Capital Program loan, which is coordinated with the U.S. Department of Commerce. This program provides initial lines of credit for suppliers, inventory or the production of goods. It is good that they are doing all thisstuff because so many people are blowing money on stuff like Custom Furniture and Leathercraft, designer lighting, new kitcxhen barstools which they really don’t need, outdoor dining furniture and other designer or custom furniture overall. The other program is the Export Express loan, this is a loan that can be taken up to $250,000 and can be used for building a business, including things like counseling, marketing and other advertising. Ronald Kirk, a United States trade representative has testified that he is in favor of producing some similar programs to the North American Free Trade Agreement to open up the market for American goods. This he believes will make life better for the small American business owner. On the whole, there simply a lot of small businesses as well as individuals who could really use some good credit counseling or perhaps debt consolidation or other types of debt help and debt management right now. The acting deputy assistant secretary of the U.S. Department of Commerce stated a report of the strategy will not be published this year, but they would meet this fall.

Filed under: Economy, debt consolidation