The Small Business Administration today will announce a pilot program aimed at increasing lending in low- and moderate-income areas.

Under the five-year program, called Community Express, eight banks will be allowed to use streamlined procedures to make loans of up to $250,000 to small businesses in certain lower-income neighborhoods.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.