Banks ease lending standards for small businesses - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Banks ease lending standards for small businesses

WASHINGTON - The Federal Reserve says banks have eased their lending standards for small businesses for the first time in nearly four years.

In its new survey of bank lending practices, the Fed found that the easing in loan standards was occurring primarily at the country's largest domestic banks.

The Fed says it's the first time it had found easier lending standards being imposed on small businesses since late 2006. The Fed defines small firms as those with annual sales of less than $50 million.

Powered by Frankly

1100 Banyan Blvd.
West Palm Beach, FL 33401

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2017 Raycom Media. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.