Economic uncertainty slows small-business lending

Banks made fewer loans to small businesses in April compared with March, as demand declined, according to Biz2Credit. Slow job growth, high oil prices and financial problems overseas contributed to uncertainty, causing borrowers and lenders to "proceed with caution," CEO Rohit Arora said. The month-to-month decline was the first in a year, Biz2Credit said.

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Lenders Approved Fewer Small-Business Loans in April - AmericanBanker.com (free registration)

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