Small Business Lending Programs To Get $30B In Bailout Assistance

WASHINGTON — The Obama administration is setting aside $30 billion from the financial bailout fund for a program designed to encourage lending to small businesses to aid the economic recovery.

An internal document obtained by The Associated Press spell out how the Treasury Department plans to spend money from the fund before it expires in October 2010. The document show $40 billion would go to consumer and business lending programs.

Read more: Bailout, Small Business, Small Business Loans, Small Business Lending, Treasury Department, Business News

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