Banks remain reluctant to offer SBA loans

08/13/2009 | New York Times (tiered subscription model), The

Small businesses are not satisfied with the slow pace of loans offered through the Small Business Administration's America's Recovery Capital Loan Program. As of Monday, 1,127 loans totaling $36.8 million had been handed out. The program has $255 million, which creates an estimated 10,000 loans. Banks make little profit on the loans, and standards are high for struggling small-business owners.

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New York Times (tiered subscription model), The