WASHINGTON –Senate Committee on Small Business and Entrepreneurship Chair Mary L. Landrieu, D-La., who has shepherded small business job-creation measures through her Committee, made the following comment in regard to Treasury Secretary Timothy Geithner’s unveiling of the $30 billion Small Business Lending Fund, a fund that directs money to community banks for small business lending:
“Now that we have invested in Wall Street, it is time to jumpstart Main Street. Small businesses have borne the brunt of these tough economic times, but they are the businesses that have the greatest potential to get our economy going again. The first and fastest way to boost our small businesses’ ability to create jobs is by giving them greater access to capital. Providing money to neighborhood banks to lend to small businesses is a quick way to jumpstart our communities by investing in both our small banks and small businesses. With the Small Business Lending Fund, community banks will have the resources they need to give small businesses the tools to continue growing our economy. I look forward to working with the Administration on implementing a program that provides small businesses the capital they need, including initiatives to increase SBA loan sizes and extend SBA provisions from the Recovery Act.”
To view more information on the new Small Business Lending Fund, please click here.