Small Business Lending
Since 1994, banks have been required to report the volume of their small business loans (defined as loans of less than $1 million). The total volume of such lending has grown steadily over the past five years, from $269 billion in 1994 to $336 billion in 1998, a rise of almost 25%.
Suggested citation: “Small Business Lending,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-09, pp. 16, 09.01.1998.