Community Banks and Small Biz Lending

Self Made: NASE's Blog

Blog With Us

Welcome to the Self Made. This is a blog focused primarily on the self-employed and micro-business and full of fantastic posts by not only our team of experts but by YOU!  We realize that there are many ways to help the small businesses out there which is why we invite other business minded individuals to post here and help the rest of the community as well.

Community Banks and Small Biz Lending

Jan 27, 2009

Posted by Molly Nelson - According to this article in BusinessWeek, despite the economic downturn, many community banks are reporting an increase in loans and credit lines to small businesses. Community banks are generally defined as banks with less than $10 billion in assets. 

In a recent meeting on promoting economic recovery before the House Committee on Small Business, Paul Merski of the Independent Community Bankers of America testified "that community banks make 20% of all small-business loans, even though they represent only about 12% of all bank assets. Furthermore, he said that about 50% of all small-business loans under $100,000 are made by community banks."

Have you or other small business owners you know had success in getting loans from community banks recently?  Share any stories or tips in the comments!

The opinions expressed in our published works are those of the author(s) and do not necessarily reflect the opinions of the National Association for the Self-Employed or its members.

Courtesy of