If you’re a small business looking for a cash-flow boost, you’ll probably want to check out this source.
The source: community banks in your area.
The U.S. Treasury just doled out $767 million to an another 50 community banks as part of the Small Business Lending Fund (SBLF). That’s a total of $1.8 billion the feds distributed to 130 community banks under the SBLF.
On the other end of the spectrum, if you have smaller customers that you can’t extend additional credit to, try this: point them in the direction of their community banks and tell them about the feds’ cash infusion.
Steering customers toward an alternative lending source shows your looking out for them.
For more info on the SBLF, click.