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But I think things have stopped getting worse and are looking a little better. ” Banks naturally tightened their lending standards as a result of the recession. As Mr. Bell explained, “f you’re a bank, you almost lost your franchise… you’re a borrower and you almost lost your business…human nature is…to be a more careful lender and…a more careful borrower. ” Regulators are working to ensure that lenders do not overreact and limit credit access to creditworthy borrowers. According to FDIC Chairman Bair, “I think maybe some banks also became a little more risk averse perhaps than they should have been. ” She added, “We’re encouraging banks. We want them to…make safe and sound loans. ” Regulators are emphasizing a back to basics approach to underwriting. As Federal Reserve Chairman Bernanke explained, “Our guidance is very clear. You shouldn’t be rejecting loans because of the industry or because of the geography, or some category.

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They employ roughly half of all Americans and account for more than 60 percent of net new jobs.

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what is business loan rates today S. Chamber of Commerce acknowledged the temporary extension of tax relief passed in December: “The activities of December will have a very, very positive effect I think on the overall economic environment, but particularly with regard to small business of confirming the tax rates, even though it’s only two years. ”4Panelists offered additional policy recommendations to support the operating environment for small businesses. For example, Senator Warner emphasized the need to expand the nation’s export capabilities. Mr. Bell echoed those views, calling exports the “number one market expansion opportunity for small business and frankly for all business. ” Bell also called for the government to finalize three pending trade agreements coming before the Congress. In addition, panelists discussed small businesses’ access to government contracts. Jorge Corralejo, Chairman of the Latino Business Chamber of Greater Los Angeles, addressed the need for more public data on the share of government contracts awarded to small businesses: “ou cannot analyze what you’re doing with the small business sector if you don’t know what’s going on…that kind of analysis is really critical to dealing with unemployment, dealing with contracting, dealing with lending. ”A wide range of policies has been established to help restore the real estate sector and address its impact on small business credit. For example, FDIC Chairman Bair highlighted federal regulators’ recent policy statement on commercial real estate loans: “e do not want our examiners criticizing an otherwise creditworthy loan just because the collateral has declined…a supervisory policy that requires criticism that additional capital be held against the loan just the collateral has fallen is highly pro cyclical, and we wanted to avoid that.

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Recommended strategies spanned a broad range, from policies to improve the overall economy and real estate markets to consistent implementation of regulatory guidance and a hotline to obtain direct feedback from borrowers and lenders.

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According to FDIC Chairman Bair, “I think maybe some banks also became a little more risk averse perhaps than they should have been.

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