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LOS ANGELES, CA — Promérica Bank (OTCQB: PMRA) (PINKSHEETS: PMRA), today announced that it received a capital investment of $3.8 million in the Bank's preferred stock from the U.S. Treasury Department's Small Business Lending Fund ("the SBLF ...
More than $2 billion from the Small Business Lending Fund was used to repay bailout funds community banks were loaned under the Troubled Asset Relief Program, according to The Wall Street Journal. The $4 billion federal fund was created this ...
Starbucks CEO Howard Schultz wants to help "thaw the channels of credit so that community businesses can start hiring again." Starting Nov. 1, the Seattle-based coffee giant (NASDAQ:SBUX) will accept donations from customers. Starbucks will also ...
President Barack Obama signed the Small Business Jobs Act in September 2010. The law’s centerpiece is a $30 billion small-business lending fund aimed at spurring more loans to smaller companies. But the top Republican on the Senate Finance ...
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