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Geithner announces new lending programs for small business

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U.S. Secretary of Treasury Timothy Geithner walks at the Cleveland Hopkins International Airport in Cleveland, Ohio, after arriving aboard Air Force One, February 22, 2011. U.S. President Barack Obama, with much of his Cabinet in tow, visited Ohio on Tuesday to try to reach out to U.S. entrepreneurs amid complaints from some small business owners that his policies inhibit growth. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS BUSINESS)

U.S. Secretary of Treasury Timothy Geithner walks at the Cleveland Hopkins International Airport in Cleveland, Ohio, after arriving aboard Air Force One, February 22, 2011. U.S. President Barack Obama, with much of his Cabinet in tow, visited Ohio on Tuesday to try to reach out to U.S. entrepreneurs amid complaints from some small business owners that his policies inhibit growth.

Credit: Reuters/Larry Downing (UNITED STATES - Tags: POLITICS BUSINESS)

WASHINGTON | Tue Feb 22, 2011 6:22pm EST

WASHINGTON (Reuters) - The Treasury Department is implementing two new lending programs for small businesses and will host a conference on March 22 to explore ways to expand access to capital, Treasury Secretary Timothy Geithner said on Tuesday.

The programs were created under the Small Business Jobs Act that was passed in September. One is expected to spur more than $15 billion in small business lending and the other is expected to encourage lending to small businesses by providing low-cost capital to qualified small banks with assets under $10 billion.

Geithner's comments were posted on the Treasury department's website.

(Reporting by Rachelle Younglai)
Small Business
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ABS2204 wrote:
Besides finance, operational and management are very important. Income from operation can be capitalized, support in shareholders, stakeholders and consumers is another key.

Feb 22, 2011 8:29pm EST  --  Report as abuse
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