Small Business Credit Conditions Tightest Ever

Federal Reserve Chairman Ben Bernanke announced last week that banks need to restore a proper balance between making loans to creditworthy  borrowers and lending prudence.

He clarified that banks have erred too far on the side of caution since the beginning of the financial crisis, and as a result, “credit conditions for small business are the tightest they have been in recent memory.”

Click here to see the entire story: Bernanke: Small Business Lending Tightest in Recent Memory.

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