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Thursday, February 16, 2012

Small Business Lending Turns Profit for Feds

Small Business Lending Turns Profit for Feds - Inc.
A small business lending program by the Obama administration is set to turn a surprise profit of $80 million, reports CNNMoney. Designed to pump capital into small banks, the 2010 program--the Treasury Department's Small Business Lending Fund--was expected to cost taxpayers $1.3 billion. But the program also had less impact than expected, CNNMoney reports. Only $4 billion of the allotted $30 billion was disbursed to community banks through the program; and only 332 community banks got the lending assistance--although 7,000 community banks were small enough to qualify and 933 banks actually applied to the program. . . . keep reading


Commercial Capital continues to provide small businesses with SBA Loans via the SBA 7a, SBA 504 and SBA 504 Refinancing Loans. We are direct lenders for SBA 504 loans and provide a wide array of financing programs for small businesses and commercial loans for the acquisition and refinance of commercial real estate.


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Commercial Capital Limited

Florida Real Estate & Commercial Loans, Inc.


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