Small Business Lending
Between June 1996 and June 1997, small business lending grew a healthy 7.99% nationwide, to $325.9 billion outstanding. This growth was stronger than in the previous year (6.9%), but was not uniform throughout the country. Although the South turned in a solid performance, it was the Central region’s stellar 20.8% growth that compensated for the lackluster showing in the rest of the country; indeed, its $80.8 billion of small business loans outstanding now exceeds every other regional posting.
Suggested citation: “Small Business Lending,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-01, pp. 17, 01.01.1998.