Savings and loan associations began primarily to loan money to small and medium-sized businesses.

Name: Savings and loan associations began primarily to loan money to small and medium-sized businesses.
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Savings and loan associations were originally created to promote homeownership and encourage savings. While they did eventually begin to lend to small and medium-sized businesses, that was not their primary purpose at the outset.

Savings and Loan Associations Began Primarily to Loan Money to Small