______ANOTHER FED/BANK BAILOUT YOU MIGHT HAVE MISSED......R.E.V.!!!____

UNBELIEVABLE! THIS FLORIDA BANK IS AS CORRUPT AS THEY COME! THE PRESIDENT SITS ON THE ATLANTA BOARD OF THE FED...A FACT THAT WAS NOT MENTIONED ANYWHERE IN THE ARTICLE!



The U.S. Treasury, under its Small Business Lending Fund program, this week awarded Florida Community Bankshares, the holding company for Ocala-based Community Bank & Trust of Florida, $17 million to loan to small businesses to help create new jobs.

"Our goal is to foster local economic growth through job creation with very flexible financing, and we are willing to do it one job at a time, one business at a time," said Hugh Dailey, Community Bank & Trust of Florida president and chief executive officer. "If it works, we are hoping to reduce local unemployment."

Of the 8,500 banks throughout the nation, only 322 were awarded SBLF dollars, and only 20 of those were Florida institutions. Community Bank and Trust of Florida, with headquarters in Ocala, also has offices in Belleview, Gainesville and The Villages.

Through the program, dubbed Rebuilding Economic Vitality, Community will look to loan money to small business start-ups with good business plans that could create three jobs in three years.

Dailey calls the plan "lenient" for start-up companies.

Depending on the business, a start-up company could borrow up to $50,000 over seven years. The borrower will be given an interest-only loan for the first 18 months to give the entrepreneur time to get up and running. After 18 months, the borrower will have 5½ years to repay the loan with interest.

[link to www.ocala.com]

BORROWERS BEWARE!!! IF IT LOOKS TOO GOOD TO BE TRUE......