During a visit to a records storage company in Maryland today, President Barack Obama is set to unveil a new round of lending initiatives targeted at helping small businesses.

Among the strategies to improve access to credit for small businesses, the Obama administration said it will support lending by providing lower-cost capital to small banks that present small business lending plans and to community development financial institutions that lend to small businesses in the hardest-hit rural and urban areas. CDFI credit unions would be eligible to apply.

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