REGION
Commercial lending remains strong, experts say
The Federal Reserve System gave businesses something to cheer about when it slashed its benchmark interest rate Sept. 18.
The context for the rate cut was less cheerful: a slowdown in lending at the highest levels of Wall Street.
The question is whether that credit squeeze has translated into a tougher borrowing environment for small- to medium-size midstate businesses.
Conversations with local bankers and real estate observers yielded a mixed picture. Some said there has been virtually no change in the availability of credit for most companies. Even those who said credit was getting harder to come by …
No comments:
Post a Comment