Printer-friendly VersionReport Shows SBLF Has Been Successful in Stimulating Lending
A report sent by the Treasury Department to Congress last week showed signs that the Small Business Lending Fund (SBLF) has been successful in stimulating lending. Nationwide, banks that participated in the SBLF increased small business lending by $3.5 billion over average lending reported in the four quarters before the Small Business Jobs Act, which created the SBLF, was enacted.
Nineteen Texas banks participated in the SBLF, seeing an average increase in small business lending of 29.6%.
The full list of participants in the SBLF is available via the Treasury Department’s
website.
