 |
Small Business Lending Fund
The
United States Department
of the Treasury has
posted information about
the Small Business
Lending Fund to its
website, along with the
terms and conditions.
Included on the
webpage is a short
summary of the Fund and
a link to the “Getting
Started Guide for
Community Banks”
(Guide). This Guide
defines eligible
institutions and small
business lending, and
includes the program’s
terms and conditions.
Note that the Guide
states that “An
institution is not
eligible if it is on the
FDIC’s problem bank list
(or similar list) or has
been removed from that
list in the previous 90
days. Generally, this
will include any bank
with a composite CAMELS
rating of 4 or 5.” The webpage also
includes a link to sign
up for updates regarding
the Small Business
Lending Fund. A link to
the applicable webpage
on the Treasury’s
website is provided
below:
http://www.treasury.gov/resource-center/sb-programs/Pages/Small-Business-Lending-Fund.aspx
As stated in the
Guide, institutions that
wish to participate in
the program must also
submit its small
business lending plan to
the appropriate state
banking department. An
email address has been
set up for Alabama
state-chartered banks to
submit plans to the
Department:
SBLF.PLANS@banking.alabama.gov |
|
|
|
|
|
