1. Small business loans down
Big banks and top politicians on a charme offensive after top TARP
recipients cut their small business loan balances by $10.5 billion since April
Three of the 22 banks that got most from TARP make no small business Looking for loans
loans at all – 15 of the remaining 19 have reduced their balance
Small biz lending in freefall
80
Billion USD
Bank of
60 America
JPMorgan
40 Chase American U. S.
Express Bancorp Citigroup
20
Source: Treasury Department
% less loans
Numbers since April
-4
Wells Fargo
Loans by top TARP recipients to small businesses
-8 Change in balance
Nov. 14, 2009
GAPA NEWS