Washington (PRESS RELEASE – February 6, 2010) — The following is by Robert C. Seiwert, Senior Vice President and Director, ABA Center for Commercial Lending & Business Banking:
Many small business owners have been disappointed recently to learn that their bank has tightened lending standards or raised interest rates and fees, making it more difficult to get credit.
In today’s turbulent economic environment, the reasons for denying credit abound. For example, your bank might be trying to...
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