Post by Forever Sunshine on Dec 17, 2011 23:22:48 GMT -5
New federal data show that the number of small bank loans to business has fallen to the lowest point in more than a decade, cutting the flow of money to a sector that's usually a job-creation powerhouse.
"It's usually the smaller business that is more able to bounce back and take advantage of different opportunities faster than a middle-market company," said Linda O'Connell, manager of small business research at Barlow Research Associates, a Minneapolis market research firm that focuses on the financial industries. "We haven't seen that."
bottomline.msnbc.msn.com/_news/2011/12/15/9470807-bank-loans-to-small-business-fall-to-12-year-low
"It's usually the smaller business that is more able to bounce back and take advantage of different opportunities faster than a middle-market company," said Linda O'Connell, manager of small business research at Barlow Research Associates, a Minneapolis market research firm that focuses on the financial industries. "We haven't seen that."
bottomline.msnbc.msn.com/_news/2011/12/15/9470807-bank-loans-to-small-business-fall-to-12-year-low
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