Report: Shutdown worries prevented a boost in small-business loans

10/9/2013 | Bloomberg Businessweek

Large banks in September approved 17.5% of small-business loans, a slight decrease from the 17.6% reported in August, according to a report by Biz2Credit. Although the drop was small, banks were on the brink of approving more loans before concerns hit over the government shutdown, says Biz2Credit CEO Rohit Arora, who said in a statement that "the debt ceiling debate could cripple small business lending even further."

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