From CNNMoney.com: Small business loans: $10 billion evaporates
By Daniel at 17 November, 2009, 10:16 am
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“…The 22 banks that got the most help from the Treasury’s bailout programs cut their small business loan balances by a collective $10.5 billion over the past six months, according to a government report released Monday.
Three of the 22 banks make no small business loans at all. Of the remaining 19 banks, 15 have reduced their small business loan balance since April, when the Treasury department began requiring the biggest banks receiving Troubled Asset Relief Program (TARP) funding to report monthly on their small business lending…”
FYI, small business has historically been the US growth engine. Guess we’ve finally thrown a rod through our engine block…..
- PAretiree
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