Nov. 28, 2005: Small Businesses Receive Increased Access To Credit
WASHINGTON - Small business loans outstanding by commercial banks increased by 5.5 percent between June 2003 and June 2004, according to a study released by the Office of Advocacy of the U.S. Small Business Administration.
"Increased access to credit is essential for the survival and growth of American small business," said Dr. Chad Moutray, chief economist for the Office of Advocacy. "The information contained in this report helps small business owners find banks providing that access, and it helps banks understand how they compare to their competitors in commitment to small business lending."