Despite the media buzz about the bailout bill this week, you might be wondering: why should I care and what does it have to do with my business plan? You make a good point. Typically so little of what happens in Washington seems to have anything to do with Main Street. But the bailout bill—which was passed yesterday in the Senate and now goes before the House—actually does have some provisions in it that directly impacts small business and your potential start-up in a positive way. And if it works as intended, it could potentially boost your shot at getting a bank loan or financing for your start-up. That's why the plan is endorsed by National Federation of Independent Business, the National Small Business Association, and the Small Business Administration. Listening now?

Slate has a neat analysis of how the bill could impact small business. Here's our quick-read version:

-One of the main goals of the $700 billion asset-purchase program is to firm up weak credit markets. This would have a positive impact on entrepreneurs seeking seed capital in the form of bank loans, as well as small business owners who need additional financing for their companies. Strong credit markets = good for small business.

-The bill also proposes a raised cap on federal insurance of bank deposits from $100,000 to $250,000. This is good for small businesses because the people typically making these kind of deposits are—you guessed it—small business owners! This measure is helps small business because it's supported by small banks. And as Slate notes: "What's good for the community banks is likely good for small business: many entrepreneurs were looking to them as being able to provide small amounts of credit without the punitively high rates typical of, say, credit card loans."

-In the same vein, the bill also provides a tax break for small banks that were hit hardest. Specifically, they will be able to count losses on shares of, say, Freddie and Fannie as businesses losses rather than capital losses. In plain speak? That will reduce the damage to those banks by about 25%. Again, following the logic that what's good for the local bank is good for small business (and it is), this could positively impact your start-up - particularly if you need start-up bucks from the bank.

Thoughts, anyone?