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.