PMA and NTMA member companies worked tirelessly to create the Small Business Lending Fund (SBLF), established as part of the Small Business Jobs Act signed into law by President Obama. There is now a $30 billion fund for smaller banks—those with less than $10 billion in assets—to lend to small-business owners. The program allows for commercial and industrial loans by community banks of up to $10 million to companies with less than $50 million in annual revenue. It’s designed to help small and medium-sized manufacturers strengthen their businesses. The U.S. Department of the Treasury has begun to approve and release funds to community banks across the country. Could it help you? If so, PMA has further information for you.
Bill Gaskin, president of Precision Metalforming Association (PMA), represents the $113-billion metalforming industry of North America—the industry that uses stamping, fabricating, spinning, slide forming, roll forming technologies and other value-added processes. PMA’s Educational Foundation, MetalForming magazine and FABTECH’s METALFORM technology area are affiliates.Share: 
