On Air Now

Listen

Listen Live Now » 94.1 FM Jackson, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
71° Feels Like: 71°
Wind: SW 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 56°

Tomorrow

Mostly Sunny 78°

Fri Night

Thundershowers 65°

Alerts

U.S. Treasury: Small business lending increased in Michigan

File photo - Flickr photo by RikkisRefugeOther
File photo - Flickr photo by RikkisRefugeOther

WASHINGTON, DC (WKZO) -- It appears banks are starting to loosen up when it comes to lending money for small businesses.  The U.S. Department of Treasury says Michigan-based lenders taking part in the Small Business Lending Fund increased the amount loaned by more than 277-million dollars in the first quarter of this year compared to baseline levels.  Nationwide, the increase was nine-billion dollars over those levels since the depth of the recession.

Comments