The Small Business Jobs Act held so much promise for community banks when it was signed into law by President Obama last September. The act contains a provision creating a $30 billion Small Business Lending Fund, which was designed to help banks with less than $10 billion in assets shore up their Tier 1 capital so they could make more small business loans. Unfortunately, the fund, under the direction of the U.S. Treasury Department, has gotten off to a shaky start and efforts to modify the program, if successful, would only make the fund less . . .
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