Demand for Small Business Loans Most Since 2005

Published on Janurary 30, 2012 by John Tozzi, Bloomberg Businessweek

Banks reported the greatest increase in demand for loans from small companies since 2005, the according to the Federal Reserve’s survey of senior loan officers out today. That may be good news for job growth later in the year. From Bloomberg News:

“While business demand for borrowing increased, banks reported “little change in standards on commercial and industrial loans but a continued easing of pricing terms,” the survey said. The pickup in business lending was a reversal of the previous survey, released in November, in which more banks reported a drop than an increase in demand.”

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