Stimulus funds fuel SBA loan volume
Business Professor Jerry White of Ë¿¹ÏÊÓƵ's Cox School of Business talks about the effect of stimulus funds on small business loans.
By SHERYL JEAN
The Dallas Morning News
You can't blame a small-business borrower for being confused these days.
More bankers say they've increased small-business lending, yet some entrepreneurs say they still can't get a loan.
The Small Business Administration's monthly loan volume for the Dallas-Fort Worth area has doubled since the federal economic stimulus package took effect in mid-March, but many banks still report strict standards
What's going on?
"Right now, there are no broad banking generalizations," said Jerry White, director of the Caruth Institute for Entrepreneurship at Ë¿¹ÏÊÓƵ Methodist University. "It's all true. It's characteristic of a marketplace that is very unsettled and has not sorted through all of this."
While some big banks have cut small-business lending after large losses from exotic finance agreements, it's not true across the board.
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