Banks Making More Small Business Loans

A recent New York Times article points to signs that the lending environment is improving for small business.  According to Keri Gohman, an Executive Vice President and head of small business banking for Capital One who is quoted in the article, “It’s actually a really great time to access small business capital.”

The article notes that the banks have been easing credit terms for smaller businesses since mid-2012 and now seem more eager to loan than small businesses are to borrow.  Demand for small business loans is still only about 50% of what it was before the Great Recession.

Nevertheless, if you own a small business and need some operating capital, this is good news.  Now may be the best time in years to apply for a small business loan.

You can find the full New York Times article here.