Reuters reports that the Bank of America Corp has pledged to loan an additional $5 billion to small businesses in 2010, after the top executives for the largest U.S. banks met U.S. President Barack Obama.
Bank of America Chief Executive Ken Lewis pledged the bank will make at least $5 billion in additional loans to small business — which the bank defines as clients with businesses posting less than $20 million in annual revenue — next year.
“We understand that small business owners have been especially hard hit by the decline in economic conditions,” said Bank of America spokeswoman Anne Pace. “Its time to do more.”
Photo by Bank of America Corp.
|Even the Shopping Cart Needed Marketing|
|Entrepreneurs Take Too Many Showers|
|Science is Cool, Even the Science of Christmas Trees|
|3D Print Your Unborn Baby|
|How to Attract Better Clients|
|The Economics of North Dakota’s Oil Boom|
|What is 3D Printing?|
|They Started A Business Around Their Fashionable Dog|
|Sh*t Entrepreneurs Say|
|Unexpected Products by Brands We Trust|