Small businesses frustrated over lending rules 2011/11/27 at 9:57 pm
California small-business advocates and trade groups, worried that too many companies are stifled by limited access to credit, are seeking a summit with regulators to talk about easing lending restrictions.
Strict lending regulations — a byproduct of the banking crisis and ensuing recession — are drawing complaints from business and bankers alike.
For small business, one of the most important issues today is access to credit, said Scott Hauge, president of Small Business California
Small Business California
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, a San Francisco-based small business advocacy group.
But community bankers also find themselves in a difficult position, Hauge said. On one hand, politicians are asking them …
Mark Anderson covers banking, finance, accounting, technology, telecom, venture capital, hospitality, tourism and restaurants for the Sacramento Business Journal.