The Small Business Lending Fund, a fund set that promotes lending to small businesses and was created as part of the Small Business Jobs Act, has increased its lending to North Carolina small businesses by more than $205.3 million.

According to the U.S. Treasury Department's report, those participating in the SBLF have increased lending for six straight quarters. Nationwide, "SBLF participants have increased lending by $7.4 billion overall and $740 million over the prior quarter."

“Community banks participating in the Obama Administration’s Small Business Lending Fund have consistently increased small business lending over the past two years, resulting in increased access to capital for thousands of small and family-owned businesses across the country,” said Neal Wolin, Deputy Secretary of the Treasury.