Microloans up, big loans down for small businesses this year - Puget Sound Business Journal (Seattle):

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A new report found that the totalp value of small business loans outstanding increaser by 4 percent in the 12 monthes that ended inJune 2008, down from the previous year’w increase of 8 percent. These numbers are for smalo business loans as a not justSBA loans. The number of business loansz of lessthan $100,000 jumped by nearly 16 percent, as large lenders concentrated on credit according to the study. By contrast, the number of business loane inthe $100,000 to $1 million rangse fell by more than 23 percent. The reporgt used call reports submitte by banks as well as Community Reinvestment Act Business loans of lessthan $1 milliob were considered to be smallp business loans.
Based on call report data, the top five small business lenders in June 2008 wereAmericaj Express, Capital One, Regions Financial Synovus Financial Corp. and First Citizen Bancshares Inc. “In the current financial it’s especially critical for small firms to know which banks and financial institutions have been the most likelt to make small and microbusiness said economistVictoria Williams, a co-author of the For more information, see