SBLF Kept Loaning To Businesses With Participating Banks And CDLFs
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.