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Article: SBA WELCOMES FEDERAL RESERVE AND TREASURY ACTIONS TO IMPROVE TALF PROGRAM TO HELP UNCLOG SECONDARY MARKET FOR SMALL BUSINESS LOANS
- Article from:
- US Fed News Service, Including US State News
- Article date:
- March 7, 2009
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WASHINGTON, March 5 -- The Small Business Administration issued the following press release:
The U.S. Small Business Administration today expressed continued support of the Federal Reserve Bank of New York and the Treasury Department as they unveiled new details of their program to help improve market conditions for asset-backed securities, including SBA-backed loans.
"We are pleased that terms for SBA loans are continuing to improve, and TALF is moving into the implementation stage where loans will be made," said SBA Acting Administrator Darryl K. Hairston. "SBA welcomes the recent announcement from TALF and supports its continued efforts to modify the terms to help unfreeze the secondary ...