Small Business Lending Fund (SBLF) has done its job according to the U.S treasury reports. Lending to small businesses increased significantly by $3.5 billion to over $35.9 billion.
The SBLF is a dedicated investment fund that has been enacted as part of Small Business Jobs Act in 2010. It is designed to encourage lending to small business by making capital available to community banks and community development loan funds (CDLFs) with less than $10 billion in assets. This program is an encouragement for smaller firms having lower dividend or interest rate structure.
Small business lending has increased as a result of lowering of rate by participating institutions. SBLF participants have played an active role to increase lending to small businesses. This includes community banks, CDLFs and private lenders.
LONDON – European shares and the euro gradually recovered on Monday from early losses triggered by the mass downgrade of euro zone sovereign ratings last week, but they still looked vulnerable amid rising fears of a disorderly Greek debt default.
Markets had already reacted to the downgrades on Friday, and European assets steadied by Monday afternoon, but activity was limited with U.S.
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The first thing you see to the left upon passing the large stone “Welcome to Cupertino” sign is Apple Inc.’s world headquarters, on the playfully named One Infinite Loop. For fans of Steve Jobs, there is no greater Mecca than this sleepy San Jose suburb. There’s his childhood home, a simple suburban ranch at 2066 Crist St., the garage of which served as Apple Inc.’s birthplace. Less than a mile up a road where one could easily imagine a young Jobs biking is his junior high. And a mile beyond that practically within sight of Infinite Loop is his high school. Jobs led the world into the computing era, but physically, he rarely left a 20-mile radius that centered around his boyhood home. “Apple is a company that has grown up with our city,” says Rick Kitson, Cupertino’s public and environmental affairs director. “The city was only incorporated 55 years ago and for 35 of those years we’ve been home to Apple. It’s only 11 square miles, so Apple really put our town on the map.”
Cupertino was named for Joseph of Cupertino, an Italian saint who, though dim-witted, was known for his miraculous ability to levitate.
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Dozens of former MG Rover workers are being made redundant for the second or third time as council cutbacks take their toll on the Northfield area, it has emerged.
Gemma Cartwright, whose community work since the collapse of Longbridge led to her receiving the MBE, said the area was facing a new jobs crisis in the wake of cuts in public spending.
She said many former car workers had retrained for roles in the public sector after losing their jobs at Longbridge and were now facing the axe again.
Ms Cartwright, who chairs the Rover Community Action Trust, which has 4,000 former Longbridge workers on its computer database, said poverty was still an issue for the community.
People that were made redundant in 2005 when Longbridge closed are now being made redundant again.
“When Rover went down, there were packages available to retrain and a lot of workers took NVQs and became care workers. Some went to work in day centres or with OAPs but, with all the city council cuts, they are now being made redundant again.
I do not know of any ex-worker who is earning the same money they were on at Longbridge.
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We’re talking Angels Den ones of course. Below you can find the most popular blog posts read during the year so far.
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- Ca
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