Time to reapply for that small-business loan?

Armed with $30 billion in federal support, community banks will begin opening the taps on small-business loans this quarter, Treasury Department officials said. Banks that show an increase in small-business lending will see their interest rates drop to as little as 1%, while those that don't meet lending targets will pay as much as 7% interest on the federal funds.Bloomberg Businessweek (1/24)

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