Banks Are Easing Business Loan Terms: Fed SurveyBy
Banks are seeing greater demand for business loans, and some say they’re giving business borrowers of all sizes more favorable loan terms to compete, according to the Federal Reserve’s latest survey of bank loan officers, which was published today. A significant share of lenders said they lowered the cost of loans and credit lines in the last quarter, as Bloomberg News reports. Most banks that eased credit “cited more-aggressive competition from other banks or nonbank lenders,” the Fed survey said.
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