Shutdown anxiety stunts small-business lending, report finds

10/9/2013 | Bloomberg Businessweek

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

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