Small business lending drops 57%
By on Apr 2, 2009 in Entrepreneur
President Barack Obama warned recently that small business lending had declined so sharply that the Small Business Administration was on track to back only half as many loans that year as it did last year. The SBA’s lending info for the just-ended quarter bears out that bleak forecast: The number of loans the agency backed though its flagship program declined 57%.
Original post by Technology news - Business 2.0 Magazine
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