Lending standards for business loans are getting tighter, according to the Federal Reserve's "Senior Loan Officer Opinion Survey" (SLOOS).
"Banks have been tightening standards for both commercial and industrial (C&I) and commercial real estate (CRE) loans over the past few quarters and the latest data from the Senior Loan Officer Opinion Survey shows the most severe tightening in lending standards for these types of loans so far in the expansion," said Daniel Silver, economist at JPMorgan.
C&I loans are a catch-all category for loans that help finance purchases or upgrades of equipment.
Essentially, the Fed surveys people in charge of giving out loans at financial institutions and asks them if it's getting harder or easier to get a loan. For the past two quarters, these officers have been reporting standards tightening at a faster rate.
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3 comments:
Where's the writer for this article been?Probably in the DC beltway.
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Zero Hedge
King World News
Economic Collapse Blog
David Stockman's Contra Corner
Youtube: Greg Hunter
Most of this country is now saying "I'm fed up and I'm not going to take it anymore". This is what is leading the Trump campaign. Now, if the rest of the beltway doesn't hear it that is their failure to understand. Trump heard it and is running it to the bank.
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