(Reuters) - The Treasury Department on Monday released a report to Congress on a $30 billion small business lending fund aimed at providing credit to community banks, which showed an increase in lending during the last three months of 2011.
The Small Business Lending Fund, which has provided federal capital to community banks with less than $10 billion in assets, gives incentives to participants to extend more loans to small companies as a way to spur growth.
Community banks and other participants increased lending by $1.3 billion in the final quarter of 2011 over the prior quarter, according to Treasury.
Read Full News
Resources for YOU:
No comments:
Post a Comment