1. Small Business Jobs Package: What it Means for MDOs and Entrepreneurs October 5, 2010

2. Panelists Jody Raskind Small Business Administration
Chief, Microenterprise Development Branch
Bill Zavarello
House Committee on Financial Services
Senior Professional Staff
Kristie Arslan
National Association of the Self-Employed
Executive Director

3. Small Business Jobs Package Highlights: SBA
Microloan & WBC Changes
Max microloan = $50,000;
Max Intermediary loan = $5m;
Intermediaries & WBCs may
apply to SBA to have federal
match requirements lowered
or waived.
Intermediary Lending Fund
Three-year pilot program;
Direct loans to nonprofits;
Authorized at $20 million/year;
Limited to 20 Intermediaries/year;
Maximum entrepreneur loan = $200,000.

4. Small Business Jobs Package Highlights: Treasury
Small Business Lending Fund
Creates a $300 million Small Business Lending Fund at Dept of Treasury;
Allows CDFI loan funds to access equity equivalent capital at a rate
of 2% per year for eight years;
Designed to leverage additional investment in small business,
particularly in communities hardest-hit by the economic downturn.

5. Small Business Jobs Package Highlights: Entrepreneurs
Tax Cuts for the Self-Employed
Extension of 50% bonus depreciation for capital expenditures;
Health Insurance: allows 2 million self-employed individuals to receive a tax deduction
for the cost of health insurance for themselves and their family members;
Cell Phone Deductions: use of cell phones can be deducted without extra documentation;
Deduction for Start-Up Expenses: temporary increases the amount of start-up
expenditures entrepreneurs can deduct from their taxes, from $5,000 to $10,000;
Limitations on Penalties for Errors in Tax Reporting: changes the penalty for failing to
report certain tax transactions from a fixed dollar amount to a percentage of
the tax benefits from the transaction.

6. For More Information: Andrea Wuebker Communications & Policy Director
Michelle Levy-Benitez
National Policy Advisor