Treasury Announces $1.5 Billion Small Business Package

The Treasury Department announced a $1.5 billion lending package to boost small businesses at the state level.

The money will be available to states that can demonstrate that they will generate $10 in new private lending for every dollar of federal funds they receive, Reuters said. This could create a package worth a total of $15 billion.

Sponsored Links
California will receive $168.62 million, with Florida receiving $97.66 million. New York and Ohio will each get slightly more than $55 million.

The states can use the funds to provide collateral support for small businesses or guarantee small business loans.



Read Full Story

Can't get enough personal finance tips?

Sign up for Finance Report by AOL and get everything from consumer news to money tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.