What Is the SBA Doing to Free Up Small Business Capital?
We talked about the Treasury’s Troubled Asset Relief Program (TARP) on this blog back in November. Now it’s time to mention another government-backed financial relief program, the Term Asset-Backed Securities Loan Facility (TALF). “Under TALF, the Federal Reserve will extend up to $200 billion in nonrecourse loans to holders of asset-backed securities (ABS) backed by consumer and small business loans in a bid to free up the ABS market,” as this story explains.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Getting a Dog May Save Your Life, Especially If You’re Single
- The Questionable Math Behind Manafort’s Extravagant Home Renovations
- World’s Biggest Wealth Fund Wants Out of Oil and Gas