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Tip Aug 2010 - "$30 Billion Fund to Boost Lending, Provide Tax Breaks to Small Businesses"

Tip Aug 2010 - "$30 Billion Fund to Boost Lending, Provide Tax Breaks to Small Businesses"

Tip Aug 2010 - "$30 Billion Fund to Boost Lending, Provide Tax Breaks to Small Businesses"

Excerpt


$30 Billion Fund to Boost Lending, Provide Tax Breaks to Small Businesses



Obtaining bank credit – one of the toughest problems facing many small business owners –could get easier soon thanks to a $30 billion credit funding program designed to address the decline in lending to small businesses. This is the most direct attempt since the financial crisis to funnel more credit to these businesses by investing $30 billion in community banks (and giving them incentives to re-lend the money to small business owners). 


  


 



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