Fed moves to unfreeze SBA lending
The Phoenix Business Journal reports “the Federal Reserve Board announced plans Nov.25 for a $200 billion lending facility aimed at unfreezing secondary markets for U.S. Small Business Administration loans and consumer loans.” According to Treasury Secretary Henry Paulson this will “[enable] a broad range of institutions to step up their lending.” Read the article at http://phoenix.bizjournals.com/phoenix/stories/2008/12/08/story14.html
