2009 Archives

Stimulus funds fuel SBA loan volume

Excerpt

The following is from the June 9, 2009, edition of The Dallas Morning News. Jerry White, director of the Caruth Institute for Entrepreneurship in SMU's Cox School of Business, provide expertise for this story.

June 9, 2009

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.

Read the full story.

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