Report: Government shutdown slowed small-business loans

11/5/2013 | Bloomberg Businessweek

Small Business Administration loan volumes dropped 35% in October compared with the year before because of the government shutdown, which kept the loans from being approved, a report from Experian and Moody's Analytics says. The SBA has said it hopes to make up for that slowdown by year-end, and an index tracking small-business credit quality is at its highest level since tracking began in 2010. Uncertainty about a future government shutdown is the biggest concern, experts say.

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