Bank of America Corp. (BAC) Tuesday said it loaned $45.4 billion to small and medium-sized businesses businesses in the first half of 2010. This amount represents an increase in lending of nearly $9 billion over the same period last year.
Last December, Bank of America pledged to increase lending to small and medium-sized businesses by $5 billion in 2010. The company loaned $81.4 billion to those businesses in 2009, and this year it loaned $19.4 billion in the first quarter and more than $26 billion in the second quarter.
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