More banks turning away small businesses, study says

Small businesses are finding it harder to find a loan these days, thanks in part to increasing regulatory concerns.
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Jun 17, 2011
By dvm360.com staff

Thinking about starting a veterinary practice, or perhaps building a new facility? Money may be hard to come by, according to new data.

Bank representatives who responded to the latest Pepperdine Private Capital Markets Project report reported denying 60 percent of loan applications. Sixty-one percent of those respondents claimed that increased regulatory pressure has led them to decline otherwise acceptable applications.

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