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November 19, 2009, 01:49 PM ET
Urban League Offers Small-Business Loans
The National Urban League is rolling out a program to provide loans aimed at spurring small businesses in areas with high concentrations of minority-owned firms to expand their hiring, reports the Associated Press.
The civil-rights organization is teaming up with On Deck Capital, a specialist in small-business borrowing, to offer loans of $5,000 to $100,000. The effort will debut in Philadelphia and Los Angeles before expanding across the country.
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