The Small Business Lending Fund (SBLF) has led to increased funding for the seventh consecutive quarter, according to a U.S. Treasury report.
SLBF participants saw an increase in lending of $1.5 billion over the previous quarter, while community banks have increased their lending by 38 percent, notes BankCreditNews.com.
“This quarter’s report shows that SBLF participants are continuing to help thousands of small businesses invest, hire and expand in their local communities,” said Deputy Treasury Secretary Neal Wolin.
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