Treasury announces $105.3 million increase in lending

The U.S. Department of the Treasury today released a report showing that Washington banks receiving capital through the Small Business Lending Fund (SBLF) continue to increase their small business lending.

The SBLF, established as part of the Small Business Jobs Act that President Obama signed into law in 2010, encourages community banks to increase their lending to small businesses, helping those companies expand their operations and create new jobs. Treasury invested more than $4.0 billion in 332 institutions through the SBLF. Collectively, these institutions operate in over 3,000 locations...