INFOGRAPHIC: Small Business Lending Fund Participants Increase Small Business Lending By More Than $10 Billion
The U.S. Treasury Department released a new report today showing that participants receiving capital through the Small Business Lending Fund (SBLF) nationwide have boosted small business lending by $10.4 billion over baseline levels since the depths of the recession and $1.4 billion over the prior quarter. The reported aggregate lending increase, the first to total more than $10 billion, represents an estimated 46,800 additional loans to small businesses according to loan data from the June 2013 results of SBLF’s First Annual Lending Survey.
Small businesses play a critical role in the U.S. economy and are central to growth and job creation. For more information on the Obama Administration’s comprehensive agenda to help small businesses access the capital they need to invest and hire, visit sba.gov.