New Report Finds 60% Drop in Small Business Lending

 

A report by the California Reinvestment Coalition found that California’s small businesses are struggling because the nation’s largest banks, who severely restricted small business lending in 2008, continued this trend through 2013, cutting off access to credit. Small businesses normally create two out of every three new jobs in our country but, without bank lending again, we won’t see a strong recovery.

Read more at http://calreinvest.org/news/new-report-finds-60-drop-in-small-business-lending