North Carolina has received a second installment of $15.2 million in federal funding through the State Small Business Credit Initiative, a component of the Small Business Jobs Act signed into law in 2010, Gov. Bev Perdue's office said Tuesday.
The funds support the North Carolina Capital Access Program, the North Carolina Loan Participation Program and the North Carolina Fund of Funds Program, which work through banks and credit unions to spur financing for small businesses. The payment, one of three the state is slated to get, is expected to generate more than $152 million in additional private financing.
To read the full, original article click on this link: NC receives $15.2M to spur small-business lending - Charlotte Business Journal
