Monday, January 24, 2011

Microloans up, big loans down for small businesses this year - Business First of Columbus:

http://mas-masaller.com/how-to-lose-weight-on-a-healthy-diet.html
A new report found that the total value of small business loan outstanding increased by 4 percent in the 12 months that ended inJune 2008, down from the previousx year’s increase of 8 percent. These numbers are for small business loans asa whole, not just SBA The number of business loans of less than $100,000 jumper by nearly 16 percent, as large lender s concentrated on credit cards, accordinbg to the study. By contrast, the number of busines loans inthe $100,000 to $1 million range fell by more than 23 The report used call reportsd submitted by banks as well as Communityg Reinvestment Act data. Business loanss of less than $1 million were considered to be smallbusiness loans.
Based on call report the top five small business lenders in June 2008 wereAmericamn Express, Capital One, Regions Financial Corp., Synovus Financialk Corp. and First Citizen Bancshares Inc. “In the current financial climate, it’s especiallyh critical for small firms to know whicjh banks and financial institutions have been the most likelu to make small andmicrobusiness loans,” said economist Victoria Williams, a co-author of the study. For more see www.sba.gov/advo.

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