Bank of America Announces New Program to Help Spur Small Business Lending Nationwide
Small Business CEO
AUGUST 12, 2010
The CDFI’s will use the grant money as loan loss reserves, which BOA hopes will unlock millions in low-cost capital for small business microloans program nationwide. Bank of America also made a $10 billion pledge to increase its spending with small, medium-sized and diverse suppliers over the next five years.
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