Office of the Inspector General Department of the Treasury

Small Business Lending Fund: Investment Decision Process for the Small Business Lending Fund May 13, 2011 Office of the Inspector General Department of the Treasury

Treasury launched the SBLF program on December 20, 2010, but has not issued the program terms for all applicants. Currently, only insured depository institutions, bank holding companies, and savings and loan holding companies may apply for funding under the program. As of April 18, 2011, Treasury had received 626 applications from these institutions requesting approximately $9.2 billion. Approximately 43 percent of the applications were from Troubled Asset Relief Program (TARP) banks. Treasury officials estimate program terms will be released for S corporations, mutual institutions, and Community Development Loan Funds (CDLF) in May. Although it is too early to tell how many institutions will ultimately apply to the SBLF program, Treasury expects that less than two-thirds of the $30 billion will be requested.