Citigroup backs new small-business loan program

Citigroup is putting up much of the capital for a program to loan $30 million to small businesses. Another organization, Next Street, will dole out the money to businesses with growth potential. To qualify, companies must have been around for a few years and bring in between $3 million and $60 million in annual revenue. Businesses in the program are also expected to make use of Next Street's strategy-consulting services.

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