Fed looks at small biz lending

Now that the Federal Reserve Bank has listened to bankers and small business owners talk about tight lending, what will it do to help solve the problem?
The St. Louis Fed recently released a list of “key takeaways” gathered from discussions held in late winter and early spring with business and community leaders from Memphis, Little Rock, Louisville and St. Louis. The information on small business lending problems was forwarded to the Board of Governors.
“The next step will be to bring together lenders, technical-assistance providers and alternative financial providers to explore the possibility of developing a loan fund for the St. Louis region,” the Fed said in a press release. “Several meeting participants have expressed their interest in being part of the ongoing dialogue.”
Read the list of six key takeaways and the full press release:

www.stlouisfed.org/publications/cb/articles/?id=1969

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