Community Banks Increase Small Business Loans

Community Banks Increase Small Business Loans - http://www.businessweek.com Avatar Posted by TimJustus under Raising Capital
From http://www.businessweek.com 4134 days ago
Made Hot by: on January 30, 2009 6:15 pm
As the credit freeze continues and the recession deepens, many community banks, generally defined as having less than $10 billion in assets, are reporting an uptick in loans and credit lines to small businesses. At a congressional hearing on small business and the economic recovery earlier this month, economist Paul Merski, of the Independent Community Bankers of America, a Washington (D.C.) trade group, told lawmakers that community banks make 20% of all small-business loans, even though they represent only about 12% of all bank assets. Furthermore, he said that about 50% of all small-business loans under $100,000 are made by community banks.





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Share your small business tips with the community!
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