Small Business Lending Drops in Second Quarter, SBA Says

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, according to Bloomberg Businessweek.

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 »