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Wednesday, August 17, 2011
Treasury Department Approves $3.6 Billion In Small Business Lending
The Treasury Department said it has approved funding that will help spur more than $3.6 billion dollars in extra small-business lending. So far, 11 states and the District of Columbia will have access to the funds, which are made available through the Small Business Credit Initiative — part of the Small Business Jobs Act that President Barack Obama signed into law last fall. Treasury said the funds will not only expand small-business lending, but hopefully spur job growth also. The agency expects the funds to generate at least $10 in new private lending for every $1 in federal funding.
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3 comments:
Because it has plenty
STOP THE REGULATIONS; GET RID OF OBAMA CARE; DECREASE TAXES.
what will happen? JOBS,JOBS AND MORE JOBS.....
The small businesses will never get it.Obama passed 20 billion last year for small business stimulus but the banks kept it and used it to pay back tarp loans.
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