Citigroup Plans $200 Million for Small Business Lending
(Businessweek) — Citibank plans to invest $200 million in community lenders that make loans to small businesses in low-income areas, the bank announced on May 5. The move makes Citi the latest among major lenders to tap Community Development Financial Institutions, known as CDFIs, to get money to small business borrowers that face a tough credit environment.
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