Posted by: John Tozzi on October 14, 2011
Loans outstanding to small businesses dropped in the second quarter by .4 percent, according to the Small Business Administration’s Office of Advocacy. The drop is the slowest decline since 2008. Meanwhile, loans to larger companies are rebounding. Here’s the SBA’s chart:
SBA economist Victoria Williams writes:
In a nutshell, the analysis shows that small business lending continues to have a difficult time emerging from the recession, which results in a much slower pace of economic recovery.
The Advocacy Office has a one-page analysis out here.