Bankers raise concerns about demand for small-business loans

07/27/2010 | Bloomberg

The Senate is poised to vote on legislation that would direct $30 billion to community banks in an effort to bolster small-business lending. However, bankers are concerned that demand for the loans will be low and repayment could be an issue. "In most cases when I hear stories about small businesses not getting loans, it's the case that more credit will not help them. They need more equity, they need more profitability," said Wells Fargo CEO John Stumpf.

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