The US State Small Business Credit Initiative spent nearly $750 million to support transactions that led to $3.1 billion in overall new financing, including $2.6 billion in private financing, a treasury department report said.
The nearly 3,900 transactions are likely to help create or retain over 46,200 jobs.
Seventy-eight per cent of the transactions backed businesses with fewer than 10 staff.
The nearly 3,900 transactions are likely to help create or retain over 46,200 jobs.
Seventy-eight per cent of the transactions backed businesses with fewer than 10 staff.
