Sharp drop in small business loans

Filed Under (Economic) by on 05-01-2009

The credit freeze afflicting America's small businesses shows no signs of thawing. In the last three months of 2008, the Small Business Administration's flagship loan-guarantee program backed less than half the number of loans it approved a year earlier - a sign that fewer entrepreneurs are getting financing to start or expand their ventures.

Original post by Economic news - CNNMoney.com and software by Elliott Back

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