Small Business Lending at Bank of America
Bank of America has cut small business loans - despite taking billions in taxpayer-funded bailouts meant to stimulate the economy. At a time when the failure rate of small businesses has been on the rise, Bank of America has - and continues - to reduce the amount it lends in Small Business Administration (SBA) loans while increasing higher-interest credit card lending to small businesses. The result is less capital to support struggling small businesses and boost the economy.
