The President spoke to a group of small business owners in Maryland today.

He wants to make it easier for them to get loans. Obama's plan includes increasing the limit on SBA express loans from 350-thousand to one-million dollars.

The proposal also includes a five thousand dollar tax credit for every new job created.

Jeff Kaney owns Kaney Aerospace in Rockford,and says the five-thousand dollar credit is an attractive offer, But says the credit crunch and confidence is really whats preventing small business hiring.

Kaney hopes the plan is as good as it looks on paper.. but the details will tell.

I"f we could shore up some of our loans with an SBA loan then it would free up some capital for us to expand to invest in equipment and to ultimately hire people so it would be a big help."

Kaney doubled its workforce from 23 to nearly 60 workers last year. Eight and a half million jobs were lost since the start of the recession... And now the government predicts it will take the labor market at least 3 to 4 years to get back on track.