Small-business lending program delivers $1.9B in loans

09/30/2013 | AmericanBanker.com (free registration)

The State Small Business Credit Initiative, a Treasury Department program created in 2010 to spur small-business lending, has led to more than $1.9 billion in loans to more than 4,600 small businesses, according to an annual report. The program works through state-backed programs that support loan participation, venture capital, loan guarantee, collateral support and capital access for small businesses.

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