Bank of America Announces New Program to Help Spur Small Business Lending Nationwide
Small Business CEO
AUGUST 12, 2010
To access the capital, nonprofit lenders participating in these federal loan programs must set aside loan loss reserves at levels of up to 15 percent of the capital provided by the agencies. Darnell made the announcement at the National Urban League’s centennial conference in Washington D.C. August 1, 2010.
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