6 Community Banks Start Lending as Part of the Small Business Lending Fund

Finally! The U.S. Treasury announced it has given $123 Million as part of the first phase of capital provided by the SBLF (Small Business Lending Fund).

“Expanding access to credit for small businesses will provide a powerful spark for growth and job creation,” said Treasury Secretary Tim Geithner. “These funds will help ensure that more Main Street entrepreneurs have the opportunity to expand their businesses, invest in their local communities, and create new jobs.”

So far, however, the only bank to lend any money to a small business is Community Trust Financial Corporation of Ruston, Louisiana. Come on folks, small businesses are the cornerstone of turning our recession around, let’s get lending!