Obama Signs Small Business Bill

Intro:	One top Missouri Bank Association official raises questions about a small business expansion law. Ben Wagner has more from Jefferson City.
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Wrap: The Small Business Jobs Act gives small banks the option to recieve incentives to lend money to small businesses.

The Small Business Lending Fund now makes 30 billion dollars available to banks with less than 10 billion dollars in total assets.

Bankers Association President Max Cook says he hopes the law will work but only time will tell.

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Description: "If they already have plenty of capital and liquidity, why would you go spend additional monies and incur additional cost. So, I guess we're just going to have to wait and see."

Cook also said until the details of how banks can lend money are finalized, he is still not sure if the program will help small banks.

Reporting from the State Capitol, I'm Ben Wagner.

Intro:	The head of Missouri's top banking association says he's hopeful a new law will help small business growth. Ben Wagner has more from Jefferson City.
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Wrap: President Obama signed the Small Business Jobs Act, making 30 billion dollars available for small banks to increase small business lending.

The law provides incentives for banks with less than 10 billion in total assets to promote the growth of small businesses across the country.

Head of the Missouri Bankers Association Max Cook says he hopes the program helps Missouri's economy.

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Description: "I would hope it would be a positive. I believe there will be some businesses who will benefit from this, there will be some banks participate it in it. Will it be widespread? I'm not certain on that."

Although the bill was signed into law today, the details of how banks can lend to small businesses is still not determined.

Reporting from the State Capitol, I'm Ben Wagner.

Intro:	The head of the Missouri Retailers is on board with the new small business expansion law. Ben Wagner has more from Jefferson City.
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Wrap: Missouri Retailers Presient David Overfelt says any increased money for small businesses is always a good thing.

This comes at the heels of a new law signed by president Obama, aiming to spark growth in the small business sector.

Overfelt says this law is long overdue.

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Description: "Anything to free up capital and make it easier for small businesses to get the resources they need, it's going to be good for the economy. They should have done this last year."

Overfelt's organization represents businesses from across the state.

Reporting from the State Capitol, I'm Ben Wagner.