Bank of America Corp. on Monday said it plans to increase lending to small- and medium-sized businesses by at least $5 billion in 2010 over 2009's results.

The banking firm said in a statement that it had extended more than $12 billion in credit to small businesses, or companies with revenue up to $20 million, during the first three quarters of this year. The bank also said it had originated more than $215 billion in commercial, non-real-estate loans to medium-sized companies during the period.

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