Regulators try to encourage small business lending
The federal banking regulators and the Conference of State Bank Supervisors released a joint statement Feb. 5 reassuring financial institutions that they would not be criticized in exams for making small business loans, so long as loans are made “after a comprehensive review of the borrower’s financial condition.” The regulators said it was necessary to ascertain “the long-term viability of the borrower’s business and focus on the strength of a borrower’s business plan to manage risk rather than . . .
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