Keeping track of the research on small business lending must be frustrating for entrepreneurs. If you’ve been following the New Entrepreneur these last few weeks, you’d know that approval rates are up, lending is stuck in the mud, and outgoing Small Business Administration chief Karen Mills’s top achievement was to boost lending.
What gives? No one expects data to line up all the time. And of course, it matters who’s doing the research. (See the Treasury Department’s (pdf) and Sigtarp’s (pdf) differing appraisals of the government’s Small Business Lending Fund.)