Treasury to launch $15B program to boost SBA lending

07/22/2009 | Washington Post, The

The Obama administration is moving to step up lending by the Small Business Administration, after the volume dropped sharply last year. The Treasury Department is close to launching a $15 billion program that uses money from the Troubled Asset Relief Program to buy SBA loans. The government is also considering increasing the maximum amount businesses can borrow.

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Washington Post, The