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Urban League Offers Small-Business Loans

November 19, 2009, 1:49 pm

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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