MICHIGAN COMMUNITY BANKS INCREASE SMALL BUSINESS LENDING BY $277.1 MILLION

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    The U.S. Department of the Treasury today released a new report showing that, nationwide, participants receiving capital through the Small Business Lending Fund (SBLF) boosted small business lending by $9.0 billion over baseline levels since the depths of the recession. Michigan-based SBLF participants have increased their small business lending by over $277.1 million, also over baseline levels, including a $56.2 million increase in the first quarter of 2013.

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