The total value of outstanding loans designed for small businesses came in at $587.8 billion in June 2012, a 3.1% year-over-year dip, found a report from the U.S. Small Business Administration's Office of Advocacy, which pegged the lending volume increased during the same period to 23.5 million. "A careful bank would rather have 100 loans for $1 million than 10 loans for $10 million, because if one (small) loan goes bad, it doesn't impact the portfolio," said Michael Carrazza, chairman of Patriot National Bancorp.

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