BUSINESS
05/12/2010 05:12 am ET | Updated May 25, 2011

Small Businesses: Banks Not Lending

Lending across the U.S. economy contracted 7.4 percent last year, the biggest such drop since 1942, according to the Federal Deposit Insurance Corp. That means $1.5 trillion in lending evaporated last year, the Treasury Department estimates.

Corporations are issuing bonds again, and large companies have access to bank loans, but it's still an uphill climb for the little guy.

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