September 12th, 2010 Is it time for a second look at applying for a small business loan?
With the recent recession and the tight credit market, have you completely given up on even considering trying to get a loan for your small business? After reading this article in the Wall Street Journal, you may want to reconsider applying:
Big Banks Loosen Lending Standards
http://online.wsj.com/article/SB10001424052748704868604575433441447633952.html
The Article reports that while banks may be easing lending standards and terms, the demand for loans among consumers and businesses remains low. Along with current low interest rates, this recent change in lending standards and higher competition among banks for business, may make it worth your while to take a second look at applying for a loan for your business.
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