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Small Business Lending Down $10.9 Billion, or 2% in 2012

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March 25, 2013

A recent SNL Financial report contradicts all the big bank chest pumping press releases about how they are growing their small business loan portfolios.

Banks with assets over $10 billion continue to decrease their small business loan presence.

Analyzing three loan buckets, loans between $250,000 and $1 million increased over 4% in 2012 for banks with assets between $1 billion and $10 billion.

Overall, small business lending is down $10.9 billion, or 2% compared to 2011.

Wells Fargo is rated the largest small business lender, followed by Bank of America, JPMorgan Chase , American Express and U.S. Bank.

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