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RCAC in the news after receiving $4.3 million for small business lending

September 29, 2011

Small Business Lending Fund Provides More Than $4 Billion to 332 Community Banks Across the Nation

WASHINGTON – Today [September 28], the U.S. Department of the Treasury announced that an additional 141 community banks across the country have received more than $1.6 billion as part of the seventh and final wave of funding provided through the Small Business Lending Fund (SBLF). This brings the total funding for the program to more than $4 billion going to 332 banks across the country. The SBLF, which was established as part of the Small Business Jobs Act that President Obama signed into law, encourages community banks to increase their lending to small businesses, helping those companies expand their operations and create new jobs. Read the U.S. Department of the Treasury press release >>

Community banks get money for small-biz lending

By: Mark Anderson Staff Writer, Sacramento Business Journal

The U.S. Department of the Treasury said Wednesday that 16 additional California community banks got $103.1 million as part of the Small Business Jobs Act.

Locally, funding went to First Northern Community Bancorp First Northern Community Bancorp Latest from The Business Journals Follow this company , which got $22.8 million, and the Rural Community Assistance Corp. in West Sacramento, which got $4.3 million. Read more >>

Small West Sacramento business gets $4.3M grant [loan]

From Daily Democrat

The Rural Community Assistance Corporation in West Sacramento has been awarded a $4.3 million grant [loan].

Congressman Mike Thompson, D-St. Helena, announced Wednesday the Rural Community Assistance Corporation received the grant [loan] through the Small Business Lending Fund.

The Small Business Lending Fund encourages community banks to increase their lending to small businesses, helping those companies expand their operations and create new jobs. The fund was established as part the Small Business Jobs Act of 2010 that Thompson supported. Read more >>

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