FOR IMMEDIATE RELEASE
Elise Brooks, (202) 589-2427
Roundtable Supports Making Good Loans to Small Businesses
Washington, D.C.—February 5, 2010—Federal and state banking regulators today issued a statement on the importance of lending to creditworthy small businesses during this economic downturn. The statement urges lenders to focus on the strengths of the borrower and not the general economic conditions or geographic areas.
The Financial Services Roundtable applauds the statement. The Financial Services Roundtable supports making good loans to qualified small businesses.
“Small business lending is a key factor in creating new jobs,” said Steve Bartlett, President and CEO for the Roundtable. “The industry is working hard to make good loans to support small businesses and the economy.”
The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO.
Roundtable member companies provide fuel for America's economic engine, accounting directly for $74.7 trillion in managed assets, $1.1 trillion in revenue, and 2.3 million jobs.
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