Fed Reserve Survey: Smaller Companies May Have More Luck Securing Credit
A recent survey by the Federal Reserve System confirms what most of us have already felt: The credit markets continue to tighten as this financial crisis continues. The survey, sent to domestic banks and foreign banks with U.S. branches, asked banks to evaluate how their credit lending standards -both consumer and commercial -compared with three months ago.
Not surprisingly, none of the 76 responding banks reported an easing of credit terms for Commercial and Investment lending. Most indicated that standards were tightening somewhat,"regardless of the size of the borrowing company or the lending institution.
What is interesting to note, however, is that the banks seem to have a bit more confidence in the smaller firms when it comes to lending, excluding financing ...
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