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Report: Federal Program Eases Path to Cash for Small Business Owners

The Small Business Lending Fund subsidizes loans to community banks. Obama administration officials claim it has made borrowing easier for business owners.

The U.S. Department of the Treasury has released a report showing that California institutions receiving capital through the Small Business Lending Fund (SBLF) continue to increase their small business lending.

“Community banks participating in the Obama Administration’s Small Business Lending Fund have consistently increased small business lending over the past two years,” said Deputy Secretary of the Treasury Neal Wolin. “With the help of lending supported by SBLF, these small businesses continue to grow and create jobs in their neighborhoods.”

The SBLF was established as part of the Small Business Jobs Act that President Obama signed into law in 2010. It encourages community banks to increase their lending to small businesses. Treasury invested more than $4.0 billion in 332 institutions through the SBLF.

For a full nationwide list of lenders, click here

SBLF encourages lending to small businesses by providing capital to community banks and CDLFs with less than $10 billion in assets.  The dividend or interest rate a community bank pays on SBLF funding is reduced as the bank increases its lending to small businesses – providing an incentive for new lending to small businesses so that these firms can expand and create jobs, Treasury says.   

To view the report please click here.

Are you in small business? Have you tried to get financing? How has that worked for you? 


El Jibaro de Lytle Creek January 19, 2013 at 04:22 pm
Here we have a wake up call to apply the Friendly Communities Notion, that is silently being set aside as too pragmatic for success. Ostrich myopic local governance fails to understand the forest for the trees viewpoint?? Do pray I am wrong!
El Jibaro De Lytle Creek
Gregory Brittain January 20, 2013 at 05:02 pm
Let's get everyone on the government dole.
Obama is bankrupting America with unsustainable debt and deficits, never mind the staggering trillions of dollars of unfunded liabilities. This will stop. We can either exercise fiscal responsibility or wait for Greece like debt crisis. We can either act responsibly, or keep burdening America and our children, grandchildren and posterity with huge debt paying for past government spending. I know, "we'll start our fiscal diet next week."
Gregory Brittain January 20, 2013 at 05:04 pm
These two videos illustrate the issues with Obama's debt and deficits.
Raise my debt limit http://www.youtube.com/watch?v=Li0no7O9zmE&feature=youtu.be We are from the government http://www.snotr.com/video/8631/Hi___we_are_from_the_Government
Gregory Brittain January 20, 2013 at 05:06 pm
Under Obama, America’s per capita debt is greater than Greece, Ireland, Italy and France.
http://www.theblaze.com/stories/this-chart-of-americas-per-capita-debt-should-worry-you/
Gregory Brittain January 20, 2013 at 05:06 pm
Senator Barack H. Obama, March 2006:
“The fact that we are here today to debate raising America 's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America 's debt weakens us domestically and internationally. Leadership means that, ‘the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” In 2006, Senator Obama voted NO on raising the debt ceiling. In 2007 and 2008, he did not vote on raising the debt ceiling. http://hotair.com/greenroom/archives/2011/07/15/flashback-2006-senator-obama-voted-no-on-raising-the-debt-ceiling/
Gregory Brittain January 20, 2013 at 05:07 pm
In 2008, Obama said the George Bush adding $4 Trillion in debt in 8 years was “irresponsible” and “unpatriotic.” http://www.youtube.com/watch?v=ydZTHPkOnvE
Obama has added more debt in less than 4 years.
Gregory Brittain January 20, 2013 at 05:13 pm
Debt Clock
http://www.usadebtclock.com/ The only way to stop burdening future generations with huge debt is for the Federal government to live within its means. The only way to make the Federal government live within its means is for We The People to insist on it and elect and reelect people with a record of fiscal responsibility. It means saying "NO" to a lot people, programs, constituents, interest groups and large contributors. When the Federal government is borrowing and printing 40 cents of every dollar it spends it means saying "I AM SORRY BUT WE CANNOT AFFORD THAT" to a lot things that might sound good, and if there was unlimited money, might be worthwhile.
El Jibaro de Lytle Creek January 20, 2013 at 07:37 pm
Greg
How much in Dollars of usgov funding is spent in total drone activity whatever the pennies spent place into defund mode.? Take defund mode funds and place into spending cut Voila win win win Shall we discuss or talk plausible denialbility of causal effect of current "think" and why this may not be best approach. and when return to dollar cost is reduced, and blah blah. Question: Is Debt Ceiling just another shell game, If govt can use NDAA & Patriot as pleases, and the inclination point, toward more human rights violations under qualified immunity enforcement; then the current microfication of GlobalCorporate economics, can continue their ever encroaching control, How wonderful it can be to become a 'Borg' type lifestyle. Not sustainable. Use your human capital toward improvement not impingement! El Jibaro De Lytle Creek
Jeffrey Sabatini January 20, 2013 at 08:42 pm
If anyone thinks President Obama has eased the path to SBA loans for small businesses, try to apply for one. Unless you and your business have spotless credit and vast amounts of real estate for collateral, don't even bother. That and many small businesses don't need or want loans starting at one million dollars. If Obama really wants to help small business, rather than having to pay a packager $5K or more to cross all the regulatory T's and dot the administrative I's to apply for... Obama could command the SBA to crate a simple one page application for low interest loans of $10K to $500K for equipment and high interest debt consolidations. But that perhaps makes too much sense. That and the fact the majority of small business owners are by nature "conservatives". Another very positive change the President could have addressed is credit card reform. Many small business have canceled their high interest company credit cards to pay down debt. In retaliation, many credit card companies as the debt is reduced lower the canceled card's limit to $500 over the remaining balance. This unfairly reflects as a negative credit to debt ratio on credit reports that can harm ratings for years to follow. And seeing how the credit card companies and banks spend billions on DC lobbyists, any real small business "SBA stimulus" is likely far from becoming a reality.

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Gregory Brittain May 21, 2013 at 10:01 am
If you want to know what "sustainablity" is really about, come hear Rosa Koire at RedlandsRead More Townhall on May 23, 6:30 pm at the American Legion Hall, 814 W. Colton Avenue. "Sustainability" is UN Agenda 21.
Gregory Brittain May 21, 2013 at 10:03 am
“Sustainability” = UN Agenda 21 = less liberty and less prosperity. One of the bestRead More sources is self-described “liberal democrat,” “feminist,” “lesbian” Rosa Koire and her book “Behind the Green Mask: U.N. Agenda 21.” For more information, please see: http://www.postsustainabilityinstitute.org/ http://www.democratsagainstunagenda21.com/ http://www.democratsagainstunagenda21.com/uploads/4/4/6/6/4466371/why_is_everyone_talking_about_un_agenda_21.pdf http://www.youtube.com/watch?v=UDtCb45Lqt0 If the U.N. is involved, it can’t be good for America and it can’t be good for liberty. Liberty is not a value of the Left.
3rdPartyJoe May 16, 2013 at 11:31 pm
Usually I'd start with how teachers should be paid in line with their students grades, but for nowRead More I'll just suggest going to the .99 cent stores. You can get everything from 100 packs of #2 pencils to college ruled notebooks and binders, to pens and highlighters. We go there weekly and send boxes of school supplies, crayons and coloring books to our troops in Afghanistan to help them befriend the locals. The biggest score is cans of party string that usually go for $5. They spray it into a room and the streamers will hang on any tripwires without setting off the bomb. And try asking the store manager if corporate might be willing to throw in 2 for the price of one or a bakers dozen on highly stocked items if you can get several other teaches to also shop there. It never hurts to ask.
Susana Leija May 23, 2013 at 12:34 pm
I have shopped at Staples for years and have yet gotten a so-called reward. Why the change of heartRead More now? The school supplies are overpriced anyway. I get things really inexpensively at Walmart right before school starts. There is no limit as to how many things one can buy like there is at Staples.
History & Reason May 23, 2013 at 07:37 am
Look at that. A turn style. Hey where'd the party go?