Initiatives and Programs » Emergency Economic Stabilization Act » Small Business and Community Lending Initiative
Small Business and Community Lending Initiative
Program to Ease Small Biz Credit Market
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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.
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|
|SBA Security Purchases||D.C.||Sep. 28, 2010||$368,145,452||$368,145,452|