Posted: 9:03 a.m. Wednesday, March 20, 2013
Small Business Lending Is Up: 10 Banks Leading the Charge
By Samuel Wagreich
Small business lending increased for the first time in 10 quarters, according to the SBA.
Lending to small businesses is up for the first time in 10 quarters, according to a report released by the Small Business Administration this month. In their quarterly bulletin on lending, the SBA detailed how Data from FDIC Call Reports shows that business lending increased 0.4 percent between September and December 2012 to $586 billion.
Lenders reported that they had eased lending standards for both commercial and industrial (C&I) loans as well as commercial real estate (CRE) loans. But while terms for C&I loans have loosened, terms for CRE loans have remained relatively tight—despite increasing demand for them.
Leading the charge in terms of loans to small businesses in 2012 was Wells Fargo, which lent a total of $32.8 billion, according to a report released Monday by SNL Financial Services. Here’s a list of the top 10 lenders to small businesses for 2012 according to the report:
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