Report: Government shutdown slows small-business loans

11/5/2013 | Bloomberg Businessweek

Small Business Administration loan volumes dropped 35% in October compared with October 2012, affected by the government shutdown, which kept the loans from being approved, finds a report from Experian and Moody's Analytics. The agency hopes to make up for that slowdown by the year's 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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