The Traderszone Network

Published in TZ Latest News 27 November, 2015 by The TZ Newswire Staff

Big Banks Cut Back on Loans to Small Business

The biggest banks in the U.S. are making far fewer loans to small businesses than they did a decade ago, ceding market share to alternative lenders that charge significantly higher rates. Through August, banks this year originated 43% of business loans of up to $1 million, down from 58% for all of 2009, according to PayNet Inc., a tracker of small business credit.

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