NY Fed sees small biz credit demand dropping
- Posted on August 22nd, 2011 filed in Newspaper
Ed Deak, a professor of economics at Fairfield University, said a key to small business borrowing is housing values and those continue to be challenged in this economy. “One of the things small businesses do when they apply for a loan is use property values as collateral,” he said.
Published in the Danbury News Times, Stamford Advocate, Greenwich Time, Connecticut Post on 8/11/11