Direct Business Lending, Small Business Lending picks up (tentatively)

Posted on Thursday, July 1st, 2010 at 4:52 pm.

Federally backed loans to small businesses in Southern California and across the nation are increasing as more banks participate in federal lending programs — at least for now.

The stepped-up lending through the Small Business Administration comes at a time when thousands of small businesses say they are choking from a lack of funds; many have gone out of business because they don’t have the money to purchase inventory or equipment.

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