Tuesday, April 10, 2012

Banks Increase Small Business Lending

Banks participating in the Small Business Lending Fund (SBLF) increased loans to small businesses by $1.3 billion in the final quarter of 2011. These banks have now increased small business lending $4.8 billion over their baseline in 2011.

So far, 235 of the 281 participating community banks (84%) have increased their small business lending. Moreover, a substantial majority, over 68%, have increased small business lending by more than 10%.

Read Treasury's report.

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