Is the CARD Act Hampering Small Business Borrowing?

Yera Dominguez receives a credit card from a customer for payment at Lorenzo's Italian Market in Miami, Florida. Photograph by Joe Raedle/Getty Images

In 2011, the number of small loans ($1 million or less) to businesses dropped 4.7 percent from the year before, the Small Business Administration recently reported (pdf). The number of loans is now down to about three-quarters of its 2008 peak. Why has the number continued to drop since the end of the Great Recession?

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