President Obama will announce a series of initiatives today aimed at boosting credit to small businesses, an administration official said, as the White House tries to address a complicated issue many believe is a drag on the economy.

The White House will move to increase the caps on existing Small Business Administration loans. It will also include measures to make it easier for small banks to gain access to funds from the Troubled Asset Relief Program.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.