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Questions Over Plan To Boost Small Business Lending

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WASHINGTON--The Obama administration's latest attempt to jump-start small-business lending is facing headwinds even before it launches.

The U.S. Treasury Department plans to release in coming days the criteria banks must meet to tap a $30 billion lending fund aimed at helping small businesses. The program is expected to include enticement for smaller banks to tap the fund, including an interest rate of as little as 1% and an opportunity for banks that still have Troubled Asset Relief Program funds to substitute new government funds with fewer strings and less stigma.

Read the whole story at Wall Street Journal

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