In December last year, agreed, Bank of America, small and medium-sized enterprises in 2010 for the company five billion U.S. dollars by raising loans in 2009, these companies on the $ 81,400,000,000 debt and this year 19.4 billion in the first quarter, the dollar cash award to be given more than 26 billion in the second quarter of dollars.
"Small and medium-sized enterprises to the national economy the middle, and recovery is an important part would be - the production and growth and better jobs as a source of an economic engine as well," David Darnell, Global Commercial Banking president said the United Bank for. "To a large extent, this business is extremely difficult circumstances weathered there. Very clearly in the loan while it is important said that during this time, they exist, what needs most continue their goods and services more demand. Many different ways business owners We are trying to help. "
Bank of America, USA in lending as well as nearly four million small businesses providing services to the bank the next five years, this supplier 10 billion U.S. dollars Goods and services purchased, small, medium, and various businesses with the spending increase pledge. Other efforts of small business bank two million small business credit card accounts - the current balance on any rate increases, such as recent developments help - and 40,000 of the more than 900 000 persons Service Advisor Alliance ™ pension plan for the platform hardware businesses.
"Every major company in the United States as part of their responsibility in this difficult time and help rescue the American commitment to help midsize businesses need," Darnell said. and the ways we're looking to do more, such as "Bank of America, do we look up to."
On July 29, 2010 Bank of America credit loans and also the country's economic development in areas critical for the long outlines for the second quarter Investment Initiative will publish the report. as well as small business loans, residential mortgage activity report will detail, changes in home loans, commercial and institutional credit and Community Development Financial Institutions (CDFIs) financing. Http://bankofamerica.com/opportunity report will be.
Bank of America
Bank of America the world's largest financial institutions, banking, a full range of individual consumers, small and middle market businesses and large corporations servicing, asset management and other financial and risk management products and services, is investing. The Company provides unparalleled ease of service in the United States approximately 57 million consumers and 29 million active users over 18 000 ATMs and award-winning online banking with more than 5900 retail banking offices, small-business relations. Bank of America the world's leading asset management company between takes, and a global leader in asset classes, a broad range of investment banking, corporate and commercial in the face, corporations, governments, institutions and world-class individuals who serve. Bank of America about 4 million small business owners the innovative and easy-to-use online products and services with industry-leading support package is offered. Companies with operations in over 40 countries serve customers. Bank of America Corporation stock (NYSE: BAC), a component of the Dow Jones Industrial Average and is traded on the New York Stock Exchange.
Bank of America, Merrill Lynch and Bank of America Corporation of global banking for businesses in global markets is the marketing name. Loans, derivatives and other commercial banking activities of Bank of America Corporation, a global, Bank of America, NA, member FDIC, including the banking is done by affiliates. Securities, strategic consulting and other investment banking activities globally in the U.S. Bank of America Corporation ("Investment Banking Subsidiaries") and included investment banking affiliates are made by, banc of America Securities LLC and Merrill Lynch, Pierce, Fenner & downloads Smith Incorporated , both registered broker-dealer and member FINRA and SIPC, and other jurisdictions, local entities registered. Investment products offered by Investment Banking Investments: Are Not FDIC Insured * May Lose Bank Guaranteed * Price is Right
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