Today, President Barack Obama held a town hall meeting in Nashua, New Hampshire where he outlined the new Small Business Lending Fund. The Small Business Lending Fund will transfer $30 billion from the Troubled Asset Relief Program to a new program that will support small business lending. The Small Business Lending Fund will be targeted at community and smaller banks that lend the most to small businesses, and offer incentives for banks to increase small business lending.
To see the full press release from the White House, click here.
To see the relevant fact sheets click here.
