Community lending organizations selected to offer loans up to $200,000 ---
Growing small businesses now have a new source of financing backed by the U.S. Small Business Administration (SBA) as twenty community organizations have been funded by SBA to start making loans up to $200,000 to qualifying small businesses.
Authorized under the Small Business Jobs Act of 2010, the new Intermediary Lending Pilot Program (ILP) will provide direct loans up to $1 million to 20 community organizations or intermediaries in fiscal