News Manufacturing & Economy U.S. Small-Business Aid May Create $300 Billion of `Junk' Loans
U.S. Small-Business Aid May Create $300 Billion of `Junk' Loans
Tuesday, 27 July 2010 11:47
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President Barack Obama is on the verge of creating as much as $300 billion in credit for small businesses as bankers raise doubt about whether there’s demand for new loans and how much will be repaid.

The U.S. Senate may vote this week on a bill to funnel $30 billion of capital to community banks, whose business customers typically are small firms.

Source: Bloomberg

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