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[3 Aug 2010 | No Comment | 2,763 views]
Bank of America Offers Grant Money to Stimulate Small Businesses

Bank of America recently announced that it will supply $10 million in grant money to Community Development Financial Institutions and other nonprofit microlenders to propel around $100 million in small business lending. This is an extremely momentous occasion, and quite possibly a move that could strengthen America’s weakened economy, as it is the first time the financial institution will be giving (not loaning) cash. The grant must…