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Snider and Carothers Assist in First Small Business Lending Fund Closing
June 30, 2011

Ronald A. Snider and Robert L. Carothers, Jr. recently worked closely with a financial institution client in evaluating and closing the first Small Business Lending Fund (SBLF) transaction. The SBLF provides capital to financial institutions in the form of noncumulative preferred stock, and the dividend rate decreases as an institution’s qualified small business lending increases.