Small Business News Report for April

Early in April, President Obama signed the JOBS Act into law, which makes it easier for entrepreneurs to raise capital by loosening accounting rules for startups.

"No matter how good their ideas were, if an entrepreneur can't get a loan from a bank or backing from investors, it's almost impossible to get their businesses off the ground," said President Obama. "And that's why back in September and in my State of the Union address I called on Congress to remove a number of barriers preventing aspiring entrepreneurs from getting funding, and this is one useful and important step along the journey."