Shaheen Successfully Adds Legislation to End-of-Year Government Funding Bill that Provides Affordable Credit to Small Businesses

Press Release

Senator Jeanne Shaheen (D-NH), the lead Democrat on the Senate Small Business and Entrepreneurship Committee, successfully included two bipartisan bills to help small businesses in the end-of-year "omnibus" agreement to fund the government that was revealed late last night. The two bills -- the Commercial Real Estate and Economic Development (CREED) Act and the Small Business Investment Company Capital Act -- will boost the availability of credit to small businesses.

"I'm glad we have been able to work in a bipartisan way to address one of the biggest challenges facing small businesses -- getting access to credit so they can reach their full potential," said Shaheen. "I'm particularly grateful to my colleagues for working with me to pass the CREED Act, which will finally re-instate the SBA's successful 504 Refi program to help small businesses grow and create jobs. Now that our legislation is on track to become law, this program will soon be up and running, helping small businesses thrive. Small businesses are the backbone of our economy in New Hampshire and I'm very pleased that they will soon have this option for accessing affordable credit."

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