Loan failure rate hits 12%
By on Feb 26, 2009 in Entrepreneur
Bank lending to small businesses has dried up in recent months. One reason credit has grown scarce: They’re risky loans. A new analysis of Small Business Administration-backed loans found that the failure rate has hit the double digits, with 11.9% of the SBA’s loans last year going into default.
Original post by Technology news - Business 2.0 Magazine
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