Small Business Lending
Between June 1995 and June 1996, small business lending grew a healthy 6.9% nationwide, to $301.8 billion outstanding. Load growth was robust in all regions although, as in the past, the Northeast (2.7%) lagged somewhat behind the rest of the nation. The region's weaker performance may partially reflect the fact that small business lending is a less important component of total business lending there. Nevertheless, even this small gain was notable following the 13.9% decline a year earlier.
Suggested citation: “Small Business Lending,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-06, pp. 16, 06.01.1997.