Bank lending to small businesses has dried up in recent months. One reason credit has grown scarce: They’re risky loans. A new analysis of Small Business Administration-backed loans found that the failure rate has hit the double digits, with 11.9% of the SBA’s loans last year going into default.
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[Source: Small business news - CNNMoney.com]
Small biz loan failure rate hits 12%
March 2nd, 2009 · No Comments
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