Montana Awards $11.4 Million to Grow Small Businesses

The U.S. Treasury Department’s State Small Business Credit Initiative (SSBCI) today released a new quarterly report showing that Montana has deployed $11,443,234 to grow small businesses. Montana is a leading state in deploying these funds to local lenders and small businesses. Today’s report also notes that states have expended, obligated, or transferred $835 million through the Treasury Department’s SSBCI program to support small business lending and investments across the country.

"The U.S. Treasury Department, states, and private sector lenders are investing in local communities to help drive economic growth, and these efforts are supporting small businesses in Montana," said the U.S. Treasury Department’s Deputy Secretary Sarah Bloom Raskin. "Small businesses are at the forefront of the nation’s economic recovery, and the State Small Business Credit Initiative provides entrepreneurs and small business owners with access to the resources they need to grow and create jobs."

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