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Article: It's a small (Business) World.(small business relationships with banks)(Statistical Data Included)
- Article from:
- Bank Marketing
- Article date:
- May 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Bank Marketing Assn. 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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Here are three reasons to read this article:
One: In 1998, commercial banks had $671 billion worth of outstanding small-business loans.
Two: Only one in seven small businesses that close leaves unpaid obligations.
Three: The number of new small businesses is on the increase.
Small really is beautiful!
It was 1996 when Michael Meisel saw the light. At the time, he was chairman of Maryland Permanent Bank and Trust, a $41 million community institution based in Owings Mills, Md. The light bulb went on shortly after the president of Maryland Permanent came to him with a question that Meisel says, "struck me [as] odd."
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