Small business lending stimulus gone

The Small Business Administration landed $375 million last year in Recovery Act money to temporarily reduce fees and increase the guarantees banks receive on loans made through the agency's lending programs. That money ran out just before Thanksgiving, according to a CNN Money story. Congress appropriated another $125 million in December to extend the incentives through February. The SBA warned lenders late last week the remaining cash is about to run dry, and could be used up by early next week. Read the rest of the story here.