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Small-business loans resulting from a government program jumped by 20% during the fourth quarter, with the Treasury estimating it has helped more than 38,000 total loans since it began nearly two years ago.
April 3 -
A lack of communication allowed a number of banks to use funds from the small-business lending program to pay dividends or exit Tarp, Christy Romero wrote in a report issued Tuesday.
April 9 -
Community banks participating in a government program upped their lending to small businesses by $7.4 billion over baseline levels during the third quarter, according to a report released Tuesday by the Treasury Department.
January 8
First Merchants (FRME) in Muncie, Ind., has reduced its ties to the Treasury Department's Small Business Lending Fund.
The $4.2 billion-asset company redeemed $34 million of preferred stock it issued to the Treasury through the SBLF, it said Wednesday in a
The SBLF provides community banks with capital to lend to small businesses. The Treasury said the fund had
The Treasury has invested more than $4 billion in 332 community banks that have participated in the program. As of April, 12 banks had completely repaid their SBLF funds and nine had partially repaid them, the department said in its latest quarterly report.
In May, First Merchants
