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Article: California Reinvestment Coalition Finds Small Business Lending Below Par in Lower Income Neighborhoods.
- Article from:
- PR Newswire
- Article date:
- March 7, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO, March 7 /PRNewswire/ -- Not one of California's 15 major business banks did a good job of lending to small businesses, making it difficult for these critical businesses to access capital and provide much needed goods, services and employment in lower income neighborhoods. The California Reinvestment Coalition (CRC) today released a report, Small Business Access to Bank Credit: the Little Engine that Could, which graded these 15 banks on whether they used community deposits to fully support local businesses, and if their lending to very small and minority-owned businesses responded to business credit needs in the lower income neighborhoods of six California ...