Bank of America Announces New Program to Help Spur up to $100 Million in Small Business Lending Nationwide
Posted by Small Business Bulletin on July 29, 2010 · Leave a Comment
WASHINGTON–(BUSINESS WIRE)–Bank of America today announced it will provide $10 million in grants to nonprofit lenders, such as Community Development Financial Institutions (CDFIs), to leverage funds from the U.S. Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA) for lending to small and rural businesses. The grants, for use as loan loss reserves, may unlock as …
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Bank of America Announces New Program to Help Spur up to $100 Million in Small Business Lending Nationwide