What Do Small Businesses Need Banks for, Anyway? - Businessweek

What Do Small Businesses Need Banks for, Anyway? - Businessweek - http://www.businessweek.com Avatar Posted by sundaydriver under Finance
From http://www.businessweek.com 2877 days ago
Made Hot by: deanuk on September 18, 2013 1:56 pm
At the end of June 2008, just months before the collapse of Lehman Brothers prompted credit to seize up, there was $327 billion in small business loans outstanding, according to the Federal Deposit Insurance Corp. Five years later, the value of small business loans had fallen 12 percent, to $289 billion. That’s probably a conservative estimate of the toll that the financial crisis took on banks’ willingness to make small loans. Earlier this summer, the Cleveland Fed reported that small-business lending fell 78 percent from the summer of 2007 to the end of 2012, accounting for inflation





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Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!