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News & Press: Administration News

37 More Community Banks Receive Funding for Small Business

Wednesday, August 17, 2011  
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The Department of the Treasury announced that an additional 37 community banks across the country received a total of $418 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 that President Obama signed into law, encourages community banks to increase their lending to small businesses, helping those companies expand their operations and create new jobs.  A total of 80 banks have now received more than $1 billion in funding through the Small Business Lending Fund.

To read more about this announcement, click here.

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