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
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."
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
http://www.theblaze.com/stories/this-chart-of-americas-per-capita-debt-should-worry-you/
“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/
Obama has added more debt in less than 4 years.
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.
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