Reduce liability for losses on commercial accounts by adhering to four requirements.
What Bankers Are Saying About the Small Business Fund
Small biz, banks may spurn Obama's $30B program
“We have taken a strategic decision not to have our primary regulator, the government, also be a partner in our bank," said William Chase Jr., CEO of Triumph Bank in Memphis.
Small-biz loan fund no silver bullet, Charlotte bankers say
Charlotte Business Journal
Local bankers say any help for small businesses should be applauded. But they aren’t convinced the latest program is a silver bullet.
Greater Baton Rouge Business Report
“It’s almost like a nonevent,” says Buddy Roemer, president and CEO of Business First Bank.
ICBA Applauds Passage of Small Business Jobs and Credit Act
Urges Bank Regulators to Promptly Implement Program as Congress Intended
Small banks not excited about $30 billion plan
Obama program could encourage banks to make risky loans: banker
Utah banks unlikely to tap small-business fund
Salt Lake Tribune
Most Utah community banks aren’t likely to tap a multibillion-dollar fund Congress has created to encourage more lending to small businesses, the director of the Utah Bankers Association said Tuesday.
Small banks leery of new bill
In most cases, banks will pay 5 percent on these funds for the first five years. However, the bank can reduce its rate by increasing its qualified small-business lending.
Washington-area bankers wary of small business lending fund
Washington Business Journal
Of the four local community banks interviewed for this story — all of which are the healthy, growing banks the program was designed to target — only Virginia Heritage Bank said it would consider getting a capital infusion through the fund.