$30 Million Small Business Lending Boost

Senate Votes to Include $30 Billion Lending Fund in Small Business Aid Package

The controversial amendment is now part of a bill that could go before the Senate next week.

By Courtney Rubin |  Jul 23, 2010

Small business lending may get a boost thanks to a controversial $30 billion fund for community banks.

The Senate voted late Thursday 60-37 to include the proposed program — which would direct up to $30 billion in taxpayer money via regional banks — in a package of aid for small businesses. Two Republicans joined with Democrats to support the amendment. President Barack Obama also supports the measure.

Read more at Inc.com

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