Treasury releases funds for small businesses

The Department of the Treasury announced that 17 community banks across the country received a total of $214 million as part of the next wave of funding provided through the Small Business Lending Fund (SBLF). The SBLF, which was established as part of the Small Business Jobs Act, encourages community banks to increase their lending to small businesses, helping companies expand their operations and create new jobs.

This announcement brings to 23 the number of community banks that have now received a total of $337 million in SBLF funding. Additional SBLF funding announcements will be made on a rolling basis in the weeks ahead.

More information and a list of the 17 community banks is available at http://www.treasury.gov/press-center/press-releases/Pages/tg1250.aspx.

 
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