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U.S. Treasury: Small business lending increased in Michigan

File photo - Flickr photo by RikkisRefugeOther
File photo - Flickr photo by RikkisRefugeOther

WASHINGTON, DC (WKZO) -- It appears banks are starting to loosen up when it comes to lending money for small businesses.  The U.S. Department of Treasury says Michigan-based lenders taking part in the Small Business Lending Fund increased the amount loaned by more than 277-million dollars in the first quarter of this year compared to baseline levels.  Nationwide, the increase was nine-billion dollars over those levels since the depth of the recession.

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