As the latest Federal Reserve Survey reveals, most Banks have yet to unwind their restrictions on business lending. Recommend Factoring to your clients with commercial accounts receivable on their books. Factoring can help them remain liquid until credit becomes more readily available. ______________________________

1. As the latest Federal Reserve Survey reveals, most Banks
have yet to unwind their restrictions on business lending.
Recommend Factoring to your clients with
commercial accounts receivable on their books.
Factoring can help them remain liquid until credit
becomes more readily available.
______________________________

2. The latest survey indicated that commercial banks generally have yet to unwind the considerable
tightening that has occurred over the past two years. For many major loan categories covered by the
survey, the net percentages of respondents that tightened standards in the fourth quarter of 2009 were
close to zero. However, banks continued to tighten a number of terms on loans to businesses.
Large net fractions of respondents further tightened their CRE lending credit standards during the final
quarter of last year. In addition, banks reported that they had tightened terms on CRE loans
substantially over the past year.
For More Information on Factoring
Chris Lehnes
203-493-1663
clehnes@VersantFunding.com