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SNL: SBLF Program Marked by Lending Growth, Mergers, Redemptions

 

Oct 26 - Banks that used the Small Business Lending Fund for its originally intended purpose have grown their loan portfolios by 90.3 percent, according to an SNL Financial article. The article states, "For the banks that joined SBLF without first participating in TARP, the program has been a success. The bank participants that did not use SBLF money to repay TARP reported an average growth rate of 90.3 percent in qualified small business loans as of the second quarter over the baseline, while the average growth rate for the banks that switched from TARP to SBLF was 19.2 percent."

Click here to read the full SNL article.


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