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Archive Home > 2008 > July > 28 > Business loans getting scarcer

Business loans getting scarcer

Banks reeling from real estate crisis crack down on companies’ credit

By Peter S. Goodman / The Bulletin
July 28, 2008

Banks struggling to recover from multibillion-dollar losses on real estate are curtailing loans to American businesses, depriving even healthy companies of money for expansion and hiring.

Two vital forms of credit used by companies — commercial and industrial loans from banks, and....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.