Check out this recent article from CNNmoney.com that talks about how despite be prodded by the current administration to open up lending to small businesses across the USA, major Banks like Wells Fargo and Bank Of America have actually reduced their small business lending.
According to the article:
"The 22 banks that got the most help from the Treasury's bailout programs cut their small business loan balances by a collective $10.5 billion over the past six months, according to a government report released Monday."
Read full article.
Friday, November 20, 2009
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