Reduce liability for losses on commercial accounts by adhering to four requirements.
General Information About the Small Business Fund
Gov. Ritter Praises New Lending Program to Support Small Businesses
Colorado Governor Bill Ritter
Gov. Bill Ritter today praised the Obama administration’s new State Small Business Credit Initiative, which will support $172 million in new small business lending in Colorado, helping local entrepreneurs expand their businesses and create new jobs.
Proposed Small Business Lending Fund Would Provide $30 Billion in Capital Investment to Community Banks
Economic Resource Center
The SBLF limits investment by the Treasury to 5 percent of risk-weighted assets for participating banks with total assets of $1 billion or less, and to 3 percent of risk-weighted assets for participating banks with more than $1 billion and less than $10 billion of total assets.
Committee Approves President Obama’s Plan to Help America’s Small Businesses
House Committee on Financial Services
The House Financial Services Committee, chaired by Congressman Barney Frank, approved key legislation designed to boost bank lending to small businesses struggling to gain access to credit due to the financial crisis.
Miller Praises Senate Action on Small Business Bill
Rep. George Miller
Rep. George Miller (D-Martinez) released the following statement after the Senate approved the Small Business Lending Fund Act of 2010.
Small Business Jobs Act of 2010
Small Business Administration
The Small Business Jobs Act, signed by President Obama on September 27, 2010, will provide critical resources to help small businesses continue to drive economic recovery and create jobs.
Small Business Jobs Act opens up $30 billion in loan funds aimed at small and second-stage companies
Crains Detroit Business
U.S. Department of Treasury is basing its guidelines for dispersal of the $1.5 billion on the Supplier Diversification Fund model.
President Obama Signs Small Business Jobs Act - Learn What's In It
The bill includes a series of small business proposals that the President put forth earlier this year, and small businesses will start benefiting from the bill on day one.