Banks Still Not Providing Enough Credit to Small Businesses

Filed under: Recession, Financial Crisis

The political climate in Washington is hardly conducive to a joint resolution by the Democrats and Republicans honoring Moms on Mother's Day, let alone high-stakes banking issues, but one reality is clear: if banks don't starting providing more credit to small and medium-sized businesses, Congress will have to create agents -- or new institutions -- that do.



The issue is too important for the long-term health of the economy: small and medium-sized businesses account for the bulk of America's jobs and new hiring.



Presently, demand is growing incrementally, but as it increases, if business credit lines don't as well, the recovery could stall, necessitating Congressional action.

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Banks Still Not Providing Enough Credit to Small Businesses originally appeared on BloggingStocks on Fri, 05 Feb 2010 17:40:00 EST. Please see our terms for use of feeds.

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