Small Business Lending Fund: Reported SBLF Program Accomplishments Are Misleading Without Additional Reporting

ISBN-13: 9781505263596 / Angielski / Miękka / 2015 / 44 str.

Office of the Inspector General Departme

Opis

Enacted into law on September 27, 2010, the SBLF is a dedicated fund designed to encourage lending to small businesses by providing capital to qualified community banks3 and Community Development Loan Funds (CDLF). Treasury launched the SBLF program on December 20, 2010, and by the program's September 27, 2011, funding deadline had disbursed $4.03 billion to 332 financial institutions. The 332 institutions included 281 community banks and 51 CDLFs.