Small business owners received some good news this week as it was reported that lending to them has increased for the first time in 10 quarters.
According to a report at Inc.com, the U.S. Small Business Administration released its quarterly report this week showing the loans to small businesses have increased for the first time in more than two years, a potential sign that some companies are coming out of the economic recession.
Overall, lending to small businesses increased by four-tenths (0.4) of a percent, from $584.1 billion in September last year to $586 billion by the end of 2012. Less restrictive standards for commercial and industrial (C&I) loans led to the increase in lending to small businesses. Commercial real estate (CRE) lending continued to lag, according to data from the Small Business Administration report. Demand for both loans continues to be high, a sign that businesses are recovering from previous economic downturns.
To read the full, original article click on this link: Small Business Lending Up for First Time in 10 Quarters
