Small Business Jobs Act of 2010

[1] The law authorizes the creation of the Small Business Lending Fund Program administered by the Treasury Department to make capital investments in eligible institutions, in order to increase the availability of credit for small businesses.

[3] Most angel investors and venture capital groups utilize convertible debt and/or warrants in the majority of their investment arrangements.

A major drawback is the exclusion of convertible debt and warrants from the Act.

This negates the purpose of structuring an investment utilizing convertible debt and/or warrants.

As a part of the Small Business Jobs Act of 2010 the House and Senate passed increased penalties for failure to file a correct information return.