Microloans up, big loans down for small businesses this year - Pittsburgh Business Times:

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A new report found that the totall value of small business loans outstandingy increased by 4 percent in the 12 months that ende inJune 2008, down from the previous year’s increase of 8 These numbers are for small business loan s as a whole, not just SBA The number of businese loans of less than $100,000 jumpeds by nearly 16 percent, as large lendera concentrated on credit cards, according to the By contrast, the number of business loans in the $100,0009 to $1 million range fell by more than 23 The report used call reports submitted by banksx as well as Community Reinvestment Act Business loans of less than $1 millionj were considered to be small business loans.
Basefd on call report data, the top five smalp business lenders in June 2008 wereAmericabn Express, Capital One, Regions Financial Corp., Synovusx Financial Corp. and First Citizen Bancsharesw Inc. “In the current financial climate, it’s especiallhy critical for small firms to know whichu banks and financial institutionsa have been the most likely to make smallo andmicrobusiness loans,” said economisg Victoria Williams, a co-author of the study. For more see www.sba.gov/advo.