Biz Loans Plunge 57%

According to the SBA’s quarter-end report, lending to small businesses dropped 57 percent over the same period last year.

However, two new stimulus-related conditions that have been implemented since this data was collected could change those numbers. The two provisions include waiving loan fees and backing more of each loan to make them more desirable to lenders.

Source:

CNNMoney: Small Business Lending Drops 57%

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