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Department of the Treasury (Treasury) was given the authority under the act to administer $30 billion. The money was to encourage small banks with assets less than $10 billion to lend funds to small businesses. Treasury has only disbursed about $4
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These expired programs enabled a record number of small businesses to refinance commercial mortgages. The renewed push to reinstate the programs, along with some additional policy changes, can go a long way toward aiding Main Street's recovery.
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Twenty-four of those banks that received $501 million in small business funding have not boosted their lending at all, while the remaining have increased lending by $1.13 for each $1 in funding they received, according to the report...The fund, part
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The small business loan portfolios of the seven banks have grown by $196.3 million, according to a report from the U.S...Jefferson Bank of Florida in Oldsmar boosted small business lending by 113.9 percent. Other increases are: Nationally, the
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Font Resize Colorado banks participating in a special federal lending program for small businesses have increased their lending by more than $214.8 million since 2010, a U.S...Nationally, lending by banks receiving capital through the Small Business
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Matthew Cavanaugh for The New York Times A manufacturing plant for New Balance shoes in Lawrence, Mass. On the economic scene, it would seem heartening to see a surge in loans that banks are making to corporations of all sizes. The loans help finance
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Small business lending is showing small signs of growth, according to data compiled by the government. The total amount of small business loans outstanding at the end of the fourth quarter came to $586 billion, up from $584 billion in the third
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Small Business Lending Fund participants increased lending by about $1.5 billion in the fourth quarter of 2012 over the third quarter, federal officials said. Program participants have increased small business lending by about $8.9 billion since 2009
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p>Monthly Index Reports Increases at Big Banks and Small Banks, Decreases for Credit Union and Alternative Lender Approval Rates New York, NY (PRWEB) February 07, 2013 Small business loan approval rates
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www.ioucentral.com">IOU Central, a leading online small business lender, achieved several growth milestones in 2012, including nearly tripling the number of loan applications processed over 2011. The company also saw a significant increase in the
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