The Federal Reserve Bank of Kansas City recently released the results from the Second Quarter 2018 national Small Business Lending Survey. The quarterly survey of U.S. banks provides data on lending activity and terms for small businesses, a critical source of employment and economic growth for the country.
Key findings include:
- Outstanding commercial and industrial (C&I) loan balances grew for the second
- New small business C&I originations showed a slight increase.
- Total credit line usage remained nearly unchanged and stable across all bank sizes.
- Interest rates on new small business loans rose and credit terms continued to tighten.
You can click here to read the entire report on the Kansas City Fed’s website.