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'Banks worry as SBLF deadline approaches' lending ability

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Banks worry as SBLF deadline approaches

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08/19/11 04:23

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Banks worry as SBLF deadline approaches

The treasury department is offering small businesses a chance to get a helping hand and hopefully add a bit of boost to the corporation dominated US economy with the Small Business Lending Fund.~~

The only catch is, banks need to be approved before being able to offer the SBLF to small business owners in their region, and that is where the delay comes in.

All banks not approved before the September deadline will not receive all the benefits the SBLF promises, and that has caused many banks to criticize the FED and its promised "helping hand".

Link: treasury department and small business lending fund and

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