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Main Street Monday — Small Business Lending Standards Relatively Unchanged

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August 8, 2016

By Bob Coleman
Editor, Main Street Monday

Main Street Monday — Small Business Lending Standards Relatively Unchanged

Says the Federal Reserve in its July 2016 senior loan officer survey.

Overall, banks tightened credit standards for large and middle-market businesses

For very small businesses, annual sales less than $5 million, credit standards remain unchanged.

Businesses with Revenues Tightened Unchanged Eased
Less than $5 Million 18% 57% 25%
Less than $50 Million 10% 88% 2%
Over $50 Million 10% 89% 1%

Most banks that reported stronger loan demand cited the following as important reasons: increases in customer inventory financing needs, customer accounts receivable financing needs, and customer investment in plant or equipment.

Access the survey here

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