Small Business Lending Fund
Download or Read eBook Small Business Lending Fund PDF written by Office of Office of the Inspector Department of the Treasury and published by Createspace Independent Publishing Platform. This book was released on 2015-01-03 with total page 36 pages. Available in PDF, EPUB and Kindle.
| Author | : Office of Office of the Inspector Department of the Treasury |
| Publisher | : Createspace Independent Publishing Platform |
| Total Pages | : 36 |
| Release | : 2015-01-03 |
| ISBN-10 | : 1505264553 |
| ISBN-13 | : 9781505264555 |
| Rating | : 4/5 (53 Downloads) |
Book Synopsis Small Business Lending Fund by : Office of Office of the Inspector Department of the Treasury
Book excerpt: The Small Business Jobs Act of 2010 (the Act) created SBLF as a dedicated fund to encourage lending to small businesses by providing capital to qualified community banks4 and Community Development Loan Funds (CDLF). Treasury launched the SBLF program in December 2010 and by the program's September 27, 2011, funding deadline had disbursed $4.03 billion. The funds were invested in 332 financial institutions, including 281 community banks and 51 CDLFs. Of the 281 community banks, 137 used SBLF funds to refinance securities purchased under TARP's Capital Purchase Program.
