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Finance

Getting the Big Banks Back into Small-Business Lending

Senior Entrepreneurship Writer at CNBC
Opinions expressed by Entrepreneur contributors are their own.

The Small Business Administration is partnering with the 13 largest U.S. lenders, including J.P. Morgan Chase, Wells Fargo, Citibank and Bank of America, to raise the amount of money loaned to small businesses, particularly in small-dollar loans and underserved communities. The group committed $20 billion in incremental lending to small businsses over the next three years and is marketing aggressively to small businesses, according to SBA Administrator Karen Mills.

Look for more coverage of Small Business Week 2012.

Related: Small Business and the President's Cabinet (Video)

Related: The SBA's Karen G. Mills on the Small-Business Recovery (Video)

Related: SBA Chief Karen G. Mills on the Small-Business Lending Comeback (Video)

Future Financial Challenges and Opportunities for Small Businesses