Treasury Resources, Small Business Lending Fund
Small Business Jobs Act of 2010
https://home.treasury.gov/policy-issues/small-business-programs/small-business-lending-fund
Established by the Small Business Jobs Act of 2010 (the Act), the Small Business Lending Fund (SBLF) is a dedicated fund designed to provide capital to qualified community banks and community development loan funds (CDLFs) in order to encourage small business lending. The purpose of the SBLF is to encourage Main Street banks and small businesses to work together, help create jobs, and promote economic growth in communities across the nation.
Treasury invested over $4.0 billion in 332 institutions through the SBLF program. These amounts include investments of $3.9 billion in 281 community banks and $104 million in 51 CDLFs. Collectively, these institutions operate in over 3,000 locations across 47 states and the District of Columbia.
Benefits to the Nation's Economy
- As of Q4 2019, the total cumulative net impact on qualified small business lending over baseline reported by current and former SBLF participants is $19.1 billion.
- As of Q4 2019, the total cumulative net increase in qualified small business lending over baseline reported by current SBLF participants is $0.03 billion, which represents a increase in lending of approximately $6.1 million quarter over quarter.
- As of March 1, 2020, 321 institutions with aggregate investments of $3.93 billion have fully redeemed their SBLF Treasury investment and exited the program, and 4 institutions have partially redeemed $13.5 million (or 62 percent of their SBLF securities) while continuing to participate in the program.
Find a Participating Lending Institution near You
This map shows where participating institutions are located in each state. Click on the map to see which participating banks are located near you.