Small Business and Community Lending Initiative
Program to Ease Small Biz Credit Market
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About This Project
We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .
- Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
- Our bailout recipient list tracks the companies to which Treasury has committed money.
A program under the Emergency Economic Stabilization Act
1 recipient
$368.15 million promised
$368.15 million actually invested, loaned, or spent
More info from www.treasury.gov
This "pilot program" involved the purchase of securities guaranteed by the Small Business Administration in order to "ensure that credit flows to entrepreneurs and small business owners." Purchases began in March of 2010. All of the funds were ultimately recouped. See here for more details.
More info from www.treasury.gov
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The following list shows the 1 recipient of Small Business and Community Lending Initiative.
| Name | State | Date Entered | Amount Committed by SBCLI | Amount Returned to SBCLI | Total Bailout Commitment |
|---|---|---|---|---|---|
| SBA Security Purchases | Sep. 28, 2010 | $368,145,452 | $368,145,452 |