Stimulus funds fuel SBA loan volume
Business Professor Jerry White of SMU's Cox School of Business talks about the effect of stimulus funds on small business loans.
By SHERYL JEAN
The Dallas Morning News
You can't blame a small-business borrower for being confused these days.
More bankers say they've increased small-business lending, yet some entrepreneurs say they still can't get a loan.
The Small Business Administration's monthly loan volume for the Dallas-Fort Worth area has doubled since the federal economic stimulus package took effect in mid-March, but many banks still report strict standards
What's going on?
"Right now, there are no broad banking generalizations," said Jerry White, director of the Caruth Institute for Entrepreneurship at Southern Methodist University. "It's all true. It's characteristic of a marketplace that is very unsettled and has not sorted through all of this."
While some big banks have cut small-business lending after large losses from exotic finance agreements, it's not true across the board.
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