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Article: Lenders keen on light manufacturing, down on retail.(Brief Article)
- Article from:
- American Banker
- Article date:
- February 19, 1997
- Author:
CopyrightCOPYRIGHT 1997 SourceMedia, Inc. 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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Lenders are bullish on light manufacturing concerns and technology, but continue their pullback from the lackluster retail sector, according to a new survey.
Nearly two-thirds of 116 lenders polled in Phoenix Management Services' quarterly questionnaire are actively marketing to light manufacturing companies and plan on doing so for the next six months. But 35% of lenders have scaled back exposure to retailers, whose holiday selling season failed to revive their prospects. Another 42% plan to do so over the next six months.
"Lenders are relatively positive about the economy and do not foresee changes in the pricing of their loans," said E. Talbot "Tal" ...