Have you or your business tried to get a bank loan lately?
AJC reporter Paul Donsky writes about a couple turned down by eight banks before getting a loan to build an animal clinic.
Not too long ago, banks competed fiercely to make loans amid a roaring economy, Donsky writes. The recession forced many to rein in lending to protect dwindling capital levels, while also cutting loan demand from both businesses and consumers.
But lending hasn’t stopped, Donsky reports. Even in a horrid economy, and with banks being more selective, some businesses can get cash and some families can refinance mortgages or buy cars.
What’s been your experience?
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