Small Businesses Asking for More Loans
More small businesses asked banks for loans towards the end of 2011.
Recent Federal Reserve numbers showed a spike in demand for loans from smaller firms. According to the numbers, 26% of banks reported more small businesses asked for loans in the fourth quarter. The number of small businesses interested in loans during the fourth quarter of 2011 was the highest it was all year. However, most banks did not increase the amount of loans they approved.
The large demand of small business loans is likely a sign that companies are feeling more confident about the future. Do you think small firms will continue to seek loans in 2012?