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PRESS RELEASE

FOR IMMEDIATE RELEASE
Elise Brooks, (202) 589-2427

Roundtable Acknowledges Financial Institutions During Small Business Week

Washington, D.C.—May 24, 2010— In honor of Small Business Week, The Financial Services Roundtable is proud to acknowledge contributions of the estimated 27.2 million small businesses in America.

“Small businesses are the strength of our economy and our members are fully committed to lending to them,” said Steve Bartlett, President and CEO for the Roundtable. “We equally committed to responsible lending to small businesses based on the ability to repay. That’s good policy for the borrower and lender alike.”

The Roundtable supports strengthening small business lending. For example, we support extending the temporary 90% loan guarantee and fee waivers for programs of the Small Business Administration and increasing the loan limits for the 7(a), 504, and Microloan programs. Additionally, the Roundtable supports the coordinating effort among stakeholders between all levels of government to help small business, including state-run programs like the Capital Access Programs.

“Large financial institutions provide the needed capital to help small businesses fuel the economy,” said Bartlett. “As we recognize the incredible contributions of small businesses across America this week, we applaud and support their efforts to strengthen our economy."

The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO.

Roundtable member companies provide fuel for America's economic engine, accounting directly for $74.7 trillion in managed assets, $1.1 trillion in revenue, and 2.3 million jobs.

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